Hamsa Asset Management Pvt Ltd (Hamsa) is said to be launching India’s first renewable energy Alternative Investment Fund (AIF).

Hamsa, also the Investment Manager of the AIF, is a joint venture between Distributed Energy, a platform that connects renewable energy projects with investors, and entrepreneurs Arjun Santhanakrishnan and Anish Shankar.

Following approval by SEBI the AIF, Hamsa Alternate Investment Fund Trust, launched this month with an Rs 50 crore investment offering through its first fund, Hamsa Solar Fund I (Fund).

It will be India’s first offering of its kind for investment in renewable energy. It is targetting 15% equity IRR to investors (pre-tax) over 10 years.

To participate, the minimum investment is INR 1 crore