{"id":4009,"date":"2023-09-05T03:41:59","date_gmt":"2023-09-05T03:41:59","guid":{"rendered":"https:\/\/www.earnnest.me\/web\/?p=4009"},"modified":"2023-09-05T03:47:06","modified_gmt":"2023-09-05T03:47:06","slug":"global-alternative-funds-expand-their-footprint-in-real-estate-credit","status":"publish","type":"post","link":"https:\/\/www.earnnest.me\/web\/global-alternative-funds-expand-their-footprint-in-real-estate-credit\/","title":{"rendered":"Global alternative funds expand their footprint in real estate credit"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"4009\" class=\"elementor elementor-4009\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bcd6b4f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bcd6b4f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a9afbab\" data-id=\"a9afbab\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-31eefa4 elementor-widget elementor-widget-text-editor\" data-id=\"31eefa4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p style=\"font-weight: 400;\">Global funds are pouring money into structured debt deals with real estate developers in India to take advantage of the huge credit demand.\u00a0<\/p><p style=\"font-weight: 400;\">While lending from banks and NBFCs remain restricted and alternative domestic capital is still warming up to this opportunity, global investors have been the first movers to take advantage of a multi-year up-cycle in residential real estate. In 2022, ~549MM square feet of residential real estate was sold, highest volume seen in almost a decade.<\/p><p style=\"font-weight: 400;\">These investors are lending for different purposes including re-financing old loans, pre approval expenses &amp; rescuing distressed assets, other areas where banks are not allowed to lend. Limited lending available from NBFCs post the IL&amp;FS crises is further exacerbating the credit gap for the real estate sector.<\/p><p style=\"font-weight: 400;\">Most active global players including HDFC Capital (managing foreign capital), Ares Management Corporation, PAG, Varde Partners, among others, lent over INR 4,000 crores in the last few transactions. Their funds channel capital from investors across the globe. Over the last 4 years, one of Asia\u2019s largest multi-asset manager PAG, has invested $1.3 billion with property developers of which 90% was alone done in the last 2 years. These funds typically seek a return of ~15%, in dollar terms, on such investments return 15%, which in turn results in 19-20% IRR for the developers.\u00a0<\/p><p>\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Global funds are pouring money into structured debt deals with real estate developers in India to take advantage of the huge credit demand. While lending from banks and NBFCs remain restricted and alternative domestic capital is still warming up to this opportunity, global investors have been the first movers to take advantage of a multi-year [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-4009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Global alternative funds expand their footprint in real estate credit - Earnnest<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.earnnest.me\/web\/global-alternative-funds-expand-their-footprint-in-real-estate-credit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global alternative funds expand their footprint in real estate credit - Earnnest\" \/>\n<meta property=\"og:description\" content=\"Global funds are pouring money into structured debt deals with real estate developers in India to take advantage of the huge credit demand. While lending from banks and NBFCs remain restricted and alternative domestic capital is still warming up to this opportunity, global investors have been the first movers to take advantage of a multi-year [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.earnnest.me\/web\/global-alternative-funds-expand-their-footprint-in-real-estate-credit\/\" \/>\n<meta property=\"og:site_name\" content=\"Earnnest\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-05T03:41:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-05T03:47:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.earnnest.me\/web\/wp-content\/uploads\/2023\/09\/micheile-henderson-lZ_4nPFKcV8-unsplash-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1706\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Earnnest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@earnnest_me\" \/>\n<meta name=\"twitter:site\" content=\"@earnnest_me\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Earnnest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.earnnest.me\/web\/global-alternative-funds-expand-their-footprint-in-real-estate-credit\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.earnnest.me\/web\/global-alternative-funds-expand-their-footprint-in-real-estate-credit\/\"},\"author\":{\"name\":\"Earnnest\",\"@id\":\"https:\/\/www.earnnest.me\/web\/#\/schema\/person\/2e9831d90b42f348636f54e9e450f6ff\"},\"headline\":\"Global alternative funds expand their footprint in real estate credit\",\"datePublished\":\"2023-09-05T03:41:59+00:00\",\"dateModified\":\"2023-09-05T03:47:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.earnnest.me\/web\/global-alternative-funds-expand-their-footprint-in-real-estate-credit\/\"},\"wordCount\":223,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.earnnest.me\/web\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.earnnest.me\/web\/global-alternative-funds-expand-their-footprint-in-real-estate-credit\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.earnnest.me\/web\/wp-content\/uploads\/2023\/09\/micheile-henderson-lZ_4nPFKcV8-unsplash-scaled.jpg\",\"articleSection\":[\"Insights\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.earnnest.me\/web\/global-alternative-funds-expand-their-footprint-in-real-estate-credit\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.earnnest.me\/web\/global-alternative-funds-expand-their-footprint-in-real-estate-credit\/\",\"url\":\"https:\/\/www.earnnest.me\/web\/global-alternative-funds-expand-their-footprint-in-real-estate-credit\/\",\"name\":\"Global alternative funds expand their footprint in real estate credit - 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