BENGALURU: Cerestra Advisors Private Limited, a real estate and education assets focused private equity firm, is planning to launch a $400 mn infrastructure investment trust (InvIT) to monetise assets under management by 2021-2022.

The firm currently operates two funds, Cerestra Edu Infra Fund and Cerestra Special Situations Fund, with combined equity totaling $150 mn.

“There are a lot of opportunities available in the educational infrastructure space due to liquidity issues faced by companies and that opens up an avenue for us to fill our portfolio,” said Jasmeet Chhabra, managing partner, Cerestra Advisors.

The firm has additional $100 mn worth of acquisitions in the pipeline that are expected to be closed by March 2021.

Cerestra has also entered into a joint venture with AnaCap Financial Partners (“AnaCap”), a specialised mid-market private equity investor to acquire educational institutions.

The firm has acquired three K-12 school and student housing assets from the Jain Group of Institutions (JGI Group).

“Despite the global economic threat of Covid-19, AnaCap remained active during the summer months, with this deal showing our commitment to exploring new and emerging markets for our investor base. We look forward to continuing to build upon AnaCap’s successful credit and real estate investment track record by implementing our strategy in India,” said Rakesh Balasundaram, Investment Director at AnaCap.

AnaCap has raised €5.1 billion in gross assets under management (AUM) and completed over 85 primary investments across 15 European jurisdictions and India since 2015.



Source link

Leave a comment

Your email address will not be published. Required fields are marked *