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PropShare Capital launches second fund PREF II; plans to raise Rs 500 crore

Dated on: Friday 20th October 2023

PropShare Capital, a SEBI-registered category-II AIF manager, has introduced the PropShare Real Estate Fund II (PREF II), the second scheme within their existing category II Alternative Investment Fund (AIF). PREF II aims to raise Rs. 500 crores with an additional Rs. 200 crore green shoe option. It will primarily invest in completed Class A income-generating commercial real estate properties leased to multinational and blue-chip tenants in India's technology hubs.

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