Nisus Finance to raise $200m from global investors
Nisus Finance Services (Nifco), a real estate investment firm, is in the process of raising approximately $200 million from investors in Singapore, the UK, and the Middle East. The inaugural special situations offshore fund has secured $40 million to date and anticipates the first close by March 2025. An offshore entity will act as a feeder or co-investor in the domestic fund and has commitments of around $40 million.
«This capital can be invested alongside the domestic pool, which is nearing final closure. We have an additional $160 million under discussion, with interest from HNIs, bank treasuries, and family offices for high-yield assets,» said Amit Goenka, managing director and CEO of Nisus Finance.
Nisus Finance Group manages two alternate investment funds: the Real Estate Credit Opportunities Fund-I (RECOF-I) and the Real Estate Special Opportunities Fund-1 (RESO-1), which together have a corpus of ₹1,200 crore. While RECOF-I is jointly owned by Nisus and the Dalmia Group, RESO-1 has BCD Group as its sponsor and strategic partner. «We have a pipeline of stressed assets to be acquired in India. The offshore fund will co-invest alongside RESO-1 into residential assets stuck for last-mile funding, either as an FPI or as an investor in the India fund,» said Goenka. The firm expects to close the final fundraising round for RESO-1 by the end of the current fiscal year.
With a total corpus of ₹700 crore, the company has invested ₹450 crore so far across four deals from RESO-1, which is managed by Nisus BCD
