JM Financial AMC Launches Rs 1,000 Cr Real Estate Fund
JM Financial Asset Management is strengthening its alternatives platform with a new early-stage real estate fund, targeting financing gaps faced by developers amid tightening regulatory norms for traditional lenders.
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New early-stage real estate AIF targets Rs 1,000 crore
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Fund to provide debt capital to developers in metro cities
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Strong interest from institutional investors and family offices
New Delhi: JM Financial Asset Management Company (AMC) is expanding its alternative investment footprint with the launch of a Rs 1,000 crore early-stage real estate fund, aimed at addressing financing gaps in India’s property sector where traditional lenders face regulatory limitations.
The new fund is part of JM Financial’s broader strategy to build a diversified Alternative Investment Fund (AIF) platform spanning real estate, credit, and pre-IPO opportunities. According to the company, the real estate fund is expected to have an initial close of around Rs 500 crore, with capital deployed as debt funding to established developers in major metro markets.
Managing Director and CEO Amitabh Mohanty said the initiative is designed to support India’s next phase of enterprise growth by offering thematic and real asset-backed investment strategies. He noted that the real estate fund leverages the group’s more than 10 years of experience in managing real estate credit, enabling it to address funding needs such as land acquisition and regulatory approvals—areas often underserved by banks and traditional financiers.
The fund has already attracted strong interest from institutional investors, high-net-worth individuals (HNIs), and family offices, reflecting growing appetite for structured and alternative capital solutions in the real estate sector.
Beyond real estate, JM Financial AMC is also expanding into capital market-linked alternatives. The asset manager has filed applications with Sebi for its maiden pre-IPO fund and a follow-on performing credit fund. The pre-IPO fund will invest in companies with an expected 18-month timeline to IPO, extending up to participation in anchor book allocations.
Meanwhile, the firm’s first performing credit fund is progressing in line with its stated investment objectives, with multiple investments already successfully exited.
Mohanty said alternative investments will remain a core focus area for the group. He added that JM Financial is investing significantly in specialist teams, risk management frameworks, due diligence processes, and investor experience, positioning its expanded AIF platform as a key enabler of India’s long-term economic and enterprise growth.
