Launch · Professional & Local Services

Alt Capital launches third AIF scheme

By Startup Enthusiast · 17 April 2026

What they do

Alt Capital is a SEBI-registered portfolio manager and AIF manager offering real estate investments

It launched AltCap Yield Fund III with a target corpus of Rs. 1,000 crore and a Rs. 200 crore green shoe option

The fund targets 16-18% IRR from pre-leased office and warehousing assets in Bengaluru, NCR, and Pune

Alt Capital launched AltCap Yield Fund III (AYF III), its third AIF (Alternative Investment Fund) scheme.
The fund has a target corpus of Rs. 1,000 crore with an additional Rs. 200 crore green shoe option (option to raise more if demand is high).
FundsIndia Private Wealth is the fundraising partner for AYF III.
AYF III invests in pre-leased Grade A/A+ office and warehousing assets, avoiding greenfield (new construction) development.
The fund's pipeline is approximately Rs. 2,520 crore across Bengaluru, NCR, and Pune.
AYF III targets a 16-18% IRR (internal rate of return) over a 4-5 year hold period.
The fund targets institutional investors, HNIs (high net worth individuals), family offices, and select domestic and NRI investors.

The launch comes amid growing investor interest in income-yielding commercial real estate, especially office and logistics assets.
Alt Capital's earlier funds, AYF I and AYF II, delivered weighted average yields of 8.6% and 8.2% respectively.
Alt Capital's founders have collectively invested over Rs. 2,378 crore in real estate since 2016 and returned approximately Rs. 675 crore to investors.

Alt Capital is a SEBI-registered Portfolio Manager, Investment Advisor, and Category II AIF manager.
It is a wholly owned subsidiary of Alt, a Series B-funded tech-enabled platform.
Alt pioneered fractional real estate investing in India through Property Share and was the first to receive a Small and Medium REIT license from SEBI.
Alt serves over 300,000 users and manages more than $250 million in assets.
Alt has presence across Mumbai, Bengaluru, and London, offering private credit, real estate, and listed REITs.
Alt Capital's leadership team has experience across over $3 billion in real estate investments.

FundsIndia Private Wealth (fundraising partner) — Digital-first wealth management platform backed by WestBridge Capital.