Alpha Alternatives announces the first close of its maiden Infrastructure Fund
Monday 18 November 2024
HIghlights
- Alpha Alternatives announces the first close of its infrastructure fund Alpha Alternatives Build India Infrastructure Fund (‘AABIIF’), with ~USD 450mn commitment from marquee investors.
- AABIIF, a Category II Alternate Investment Fund (AIF), shall invest in road assets, including standard and under-construction as well as distressed and operating projects.
- AABIIF will be managed by Kaushal Biyani, Partner and Head Illiquid Alternatives, Alpha
Alternatives
Alpha Alternatives Fund Advisors, an asset management arm of Alpha
Alternatives Group, has raised ~USD 450mn in the first close of AABIIF, a category II, SEBI registered Alternate Investment Fund (AIF). The fund plans to raise a total of USD 750mn (USD 500mn with a green shoe option of up to USD 250mn). The fund has a tenor of 5 years extendable by up to 2 years, and will
invest in road assets across India, including standard, distressed, under- construction, and operating projects.
Mr. Naresh Kothari, Founder and Managing Partner said, “We are reimagining the way investors approach Real Assets investing in India by challenging traditional expectations of limited returns associated with high-
quality assets. This first fund of ours will focus on high quality road assets which are the backbone of our economic growth. By creating a unique framework through a strategic partnership, we aim to deliver better risk-adjusted returns offering a compelling new investment opportunity”.
Mr. Kaushal Biyani, Partner and Head Illiquid Alternatives, added, “AABIIF aims to capitalize on the investment opportunities in the road infrastructure space in India while addressing the fundamental challenges associated with holding long-term depreciating illiquid assets. AABIIF is our third fund in the
Illiquid Alternatives space in the last 18 months, taking the total investor commitments to more that ~USD 1.25 bn in our Illiquid Alternative strategies. We are thankful to all our investors who have participated in this fund, reposing their confidence in our investment strategy and delivered track record”.
Mr. Jignesh Shah, Partner and Head Infrastructure said, “AABIIF provides an option to invest at a stage prior to the assets being purchased by an InvIT. The depth of our transaction sourcing capabilities, one of its kind partnership between an asset manager (Alpha Alternatives) and an operating partner (Dilip
Buildcon Limited) and a differentiated investing approach together aims to capitalize on a broad spectrum of investment opportunities available in the road sector”.
Disclaimer: An investment with Alpha Alternatives (including its subsidiaries) is suitable only for sophisticated investors and requires the financial ability and willingness to accept the high risks and lack of liquidity inherent in any such investment. This document is not intended to be comprehensive or to provide specific investment advice or services. The document is not in any form a substitute for such professional advice or services, and it should not be acted on or relied upon or used as a basis for any decision or action that may affect you or your business. Before deciding to invest, prospective investors should read the definitive offering and subscription documents and pay particular attention to the risk factors contained therein. Persons who are not relevant persons must not act on or rely on this document or any of its contents. Any investment or investment activity to which this document relates is available only to relevant people and will be engaged only with relevant people. Any decision or action taken by you based on the information contained herein is your responsibility, and Alpha Alternatives is not liable in any manner for the consequences of such a decision or action. In deciding whether to make an investment with Alpha Alternatives, you must rely on your own evaluation of the terms of the proposed investment and the merits and risks involved, and, if applicable, upon receipt and careful review of any confidential memorandum, prospectus, or similar documents, and you should consult your legal, tax, investment, or other advisor. The contents of this document do not constitute and should not be construed as legal, tax, or investment advice. Although Alpha Alternatives has used all reasonable efforts to ensure that the information provided in this document is correct, Alpha Alternatives and its members, partners, stockholders, managers, directors, officers, employees, advisers, representatives, and agents make no representation and give no warranty that such information is accurate, complete or current, and you should not rely on the information provided in this document for any purpose.
