Nisus Finance Group manages two alternate investment funds, RECOF-I and RESO-1, with a total corpus of INR 12 billion. The firm has made significant investments across multiple deals and is in the process of exiting the RECOF-I fund while expanding its SME lending through its NBFC, Nisus Fincorp Pvt. Ltd. With plans to go public, the company has submitted a Draft Red Herring Prospectus (DRHP) and aims to enhance its fund management infrastructure in key financial hubs. By covering placement fees and raising additional capital, Nisus is set to strengthen its market position and pursue new opportunities.
Nisus Finance Group oversees two alternate investment funds: the Real Estate Credit Opportunities Fund-I (RECOF-I) and the Real Estate Special Opportunities Fund-1 (RESO-1), which together have a corpus of INR 12 billion. While RECOF-I is co-owned by Nisus and the Dalmia Group, RESO-1 is sponsored by the BCD Group, which also serves as a strategic partner. Goenka mentioned that the firm has a pipeline of stressed assets set to be acquired in India. He added that the offshore fund will co-invest alongside RESO-1 in residential assets requiring last-mile funding, whether as a Foreign Portfolio Investor (FPI) or as an investor in the India fund. The firm anticipates closing the final fundraising round for RESO-1 by the end of the current fiscal year.
With a total corpus of INR 7 billion, the company has invested INR 4.5 billion so far across four deals from RESO-1, which is managed by Nisus BCD Advisors LLP. In 2020, Nifco fully exited its first fund-the INR 4.5 billion Real Estate Asset Performance Fund-I (REAP-I). The firm also operates a non-banking financial company (NBFC) named Nisus Fincorp Pvt. Ltd., which specialises in SME lending in both real estate and non-real estate sectors. He mentioned that they are also in the process of exiting the RECOF-I fund and aim to grow their SME lending portfolio to INR 1.5 billion before the initial public offering.
As part of its plans to go public, Nisus Finance Services Co. Limited has submitted a Draft Red Herring Prospectus (DRHP). The NBFC aims to enhance its fund setup, acquire additional licences, and improve its fund management infrastructure in financial hubs such as IFSC-Gift City, DIFC-Dubai, and FSC-Mauritius. The company also plans to cover placement fees and fundraising costs for both domestic and international markets, invest in its associate company, Nisus Fincorp Private Limited, raise additional capital, and address other general corporate expenses.
Nisus Finance Group is strategically positioned for growth with its two alternate investment funds, supported by significant investments and partnerships. As it prepares for a public offering, the firm is focused on enhancing its fund management capabilities and expanding its SME lending operations. By covering essential costs and investing in its associate company, Nisus Fincorp Pvt. Ltd., the group aims to strengthen its financial foundation and capitalise on emerging opportunities in the real estate sector, ensuring a robust future for its investors and stakeholders.
Advertisement
Facebook
Whatsapp
