Altico Capital to allocate 15 to 20 per cent funds to commercial realty

Altico has executed trades of close to Rs 3,300 crore and disbursed Rs 2800 crore in 2016

Altico Capital, floated by private equity funds Clearwater Capital Partners, Abu Dhabi Investment Council and Varde Partners, is looking to hike its allocation to commercial properties to 15-20 per cent, from sub-10 per cent currently. It is also looking to lend to infrastructure, manufacturing and so on.
 
“We will do mostly structured deals in commercial projects and look beyond real estate while lending funds,” said Amit Pachisia, chief credit officer at Altico Capital.
 
Altico’s increased focus on commercial projects comes in the backdrop of these projects doing well in terms of leasing deals and developers expanding their commercial portfolios.