The planned AIF will offer opportunities to high networth individuals (HNIs) and family owned businesses looking to participate in the commercial real estate growth story with a minimum investment of Rs 1 Crore.
BHIVE is a group of Coworking and FinTech companies focused on commercial real estate.
According to media reports, BHIVE has decided to wind up its current ₹400 crore AIF fund, which was launched last year but has not yet been operationalised.
In September last year, it was reported that the company has got "commitment of Rs 240 crore for its Rs-400 crore AIF Scheme - BHIVE Commercial Real Estate Opportunities Fund Series 1. It was being managed by Sandeep Gupta. This transition marks Gupta's decision to pursue new opportunities outside BHIVE.
Bhive Alts, the Fintech arm of BHIVE Group, has been set up to provide retail investors access to institutional quality Real Estate which were previously accessible only by Private Equity funds and offers these opportunities as a cash flow instrument which help investors diversify their portfolio.
Advertisements