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MO Alternates, the alternative investment arm of Motilal Oswal, has fully exited all 14 investments under its India Realty Excellence Fund II (IREF II), realising INR 1,050 crore and delivering an 18.3% gross IRR. Launched with a INR 489 crore corpus, IREF II focused on structured capital in mid-income housing projects across urban centres. Including reinvestments, the fund deployed INR 680 crore. The exits, completed last week, underscore the firm's strong asset management and timely exit strategy.
MO Alternates, the alternative investments arm of Motilal Oswal Financial Services, has fully exited all 14 investments made under its second real estate-focused fund, India Realty Excellence Fund II (IREF II), achieving total realisations of INR 1,050 crore. The exits were completed over the past week, delivering a gross internal rate of return (IRR) of 18.3% to its investors. Advertisement
IREF II, launched with a corpus of INR 489 crore, was aimed at structured capital investments in mid-income residential projects, especially in key urban markets. With reinvestments taken into account, the fund's total deployment stood at INR 680 crore. According to MO Alternates, the fund saw strong performance outcomes due to disciplined underwriting, proactive asset management and timely exits.
The successful closure of IREF II further strengthens MO Alternates' track record in the real estate alternative investment space. The firm currently manages over INR 10,000 crore in real estate assets across six funds and co-investment vehicles. MO Alternates' broader alternatives platform also manages over USD 2 billion in assets, with exposure spanning real estate and private equity.
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