JM Financial Property Fund (“Fund”) is a real estate focused private equity fund that has invested in residential, hospitality and mixed use development assets at the individual project or at holding level development companies. Through its domestic and offshore schemes, the Fund has raised capital contributions of Rs. 400 crore during 2007-08.
The Fund is managed by Infinite India Investment Management Pvt. Ltd. (“Infinite”), a 100% owned subsidiary of JM Financial Limited. Infinite has also served as investment advisor to certain offshore funds for direct co-investments of about Rs. 800 crore. Infinite aims at being value creators by following a disciplined approach towards investing and establishing long term partner status with its portfolio companies. Infinite provides strong value addition to its portfolio partners in business development, capital markets strategy, design and project management through its strong in-house team and preferred partnerships.
The Fund has made investments in Mumbai, Bangalore, Pune, Kolkata and a few leading Tier II cities. The objective of the underlying portfolio companies was to acquire land parcels, develop them into high quality end products and lease/sell them to potential users/acquirers.
Some of the projects in which the Fund has invested are: