Altico Capital to raise property fund this year

Altico Capital, a non-banking financial company, wants to raise multiple tranches of money for a real estate private equity fund from both domestic and international investors this year.

Altico has been promoted by Clearwater Capital, Abu Dhabi Investment Council and Varde Partners. It does structured debt deals and competes with the likes of HDFC and LIC Housing Finance, beside NBFCs run by Piramal, KKR and Edelweiss, among others, in lending to property developers.

“We have applied for an AIF (alternative investment fund) licence from Sebi (the markets regulator). We are looking to raise funds from investors in the