Dalmia Nisus Finance to buy two PE funds with total asset of Rs 850 cr

Nisus Finance has raised Rs 430 crore for its maiden fund and has returned Rs 300 crore to its investors

Raghavendra Kamath  |  Mumbai 

Mumbai-based fund manager Dalmia Nisus Finance Investment Managers is looking to buy two real estate private equity funds with a total asset under management (AUM) of Rs 850 crore. Dalmia Nisus Finance is promoted by Mumbai-based Dalmia Group and a fund manager named Nisus Finance. “We will buy two funds with AUM of Rs 450 crore and Rs 400 crore, respectively.

It will be a secondary buyout,” said Amit Goenka, managing director at Nisus Finance. “In the current environment, real estate asset management needs skill sets and wherewithal to give exits. Both groups ...

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First Published: Thu, July 04 2019. 02:25 IST