Sundaram Alternates, on Thursday, announced the final close of SA Real Estate Credit Fund V at ₹2,500 crore. The alternative investment arm of Sundaram Finance achieved full subscription within less than seven months of its inception, surpassing the initial target corpus of ₹1,500 crore. 

The fund, which is India’s first ESG-aligned real estate credit fund, had already committed over 90 per cent of the capital raised across investment deals. Fund V is a performing credit strategy focused on senior secured, amortising and cash-generating deals from brownfield residential projects, prioritising capital protection and downside risk management.

It focuses on ESG considerations, embedded into the underwriting and portfolio construction process, and climate protection, following a “green built” framework. 

In a statement, Karthik Athreya, MD, Sundaram Alternates said, “Our focus turns to delivering the outcomes we have committed to, while continuing to build our alternates platform for the next phase of growth, which is already well underway with a host of innovative and risk-adjusted products being launched and under development.”

Apart from sponsorship of Sundaram Finance Group, Fund V was supported by a broad cross-section of insurance companies, family offices, corporate treasuries, and ultra-high-net-worth investors. 

Published on May 21, 2026