Nifco, the real estate investment arm of Nisus Finance Services, has embarked on a fundraising mission to secure $200 million from international investors. This capital injection will fuel the launch of their inaugural “special situations offshore fund.”
The fund has already garnered $40 million in commitments, primarily from investors based in Singapore, the UK, and the Middle East. Nifco anticipates reaching the first close of the fund by March 2025, signifying the initial stage of capital collection.
This offshore entity will operate as a feeder or co-investor for a parallel domestic fund nearing final closure. Additionally, interest has been expressed from high-net-worth individuals (HNWIs), bank treasuries, and family offices, which further diversifies the pool of potential investors.
The raised capital will be strategically deployed alongside the domestic fund, bolstering Nifco’s investment capabilities in the Indian real estate market. This move underscores Nisus Finance’s confidence in the sector’s potential, particularly within the “special situations” space, which focuses on acquiring distressed assets or unique opportunities.
By attracting global capital, Nifco is poised to play a significant role in shaping India’s real estate landscape. Their strategic fundraising approach and focus on the special situations segment demonstrate their commitment to identifying and capitalizing on undervalued opportunities within the Indian market.
