Important Information - Disclaimers

This website is only directed at well-informed investors and is not suitable for retail investors. A well-informed investor means: An institutional investor, a professional investor, or any other investor who (i) adheres in writing to the status of a well-informed investor and (ii) either invests a minimum of one hundred and twenty-five thousand Euros (EUR 125,000) in the Fund or, when investing less, benefits from a certificate delivered by a credit institution within the meaning of Directive 2006/48/EC, by an investment firm within the meaning of Directive 2004/39/EC or by a management company within the meaning of Directive 2009/65/EC certifying his expertise, his experience, and his knowledge in adequately appraising an investment in the specialized investment fund.

The information contained and referenced on this website is supplied for information purposes only and does not constitute marketing, solicitation, recommendation, offer or invitation to subscribe or redeem fund units, to execute any transactions or to enter into any legally binding agreements.

 

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Fund

Fund Highlights

target
Target Fund Size
€200 million
risk
Risk Mitigation
Only participate in shovel-ready projects
team
Team
Locally networked team with 120 years of cumulative real estate experience
skills
Our Core Skills
Creative solutions in optimising design, financing and project management
deal
Deal Flow
Access to established developers and exclusive deals
market
Market Opportunity
Strong and growing Indian real estate market
structure
Structure
Open to alternative structures/jurisdictions/direct investment into SPVs (offering co-investment opportunities)

FUND FEATURES

FUND

Red Ribbon RE RISE India Real Estate Fund

AIFM/PM

Limestone Platform AS Luxembourg

TYPE / LOCK-IN PERIOD

Closed-end / 8-year term with two 1-year extensions (8+1+1)

 

TARGET RAISE

€200 million

DOMICILE
Luxembourg
ASSET MANAGER

Substantia Real Estate India Private Limited

STRATEGY
  • Income from Grade A commercial buildings
  • Capital Growth from new build and redevelopment
  • Regional focus on the Western and Northern regions
  • Real Estate fund with the ability to invest up to 25% in listed real estate related equities
SUSTAINABLE FINANCE DISCLOSURE REGULATION (SFDR)
  • Investment criteria include targetting assets and local partners who make use of offsite construction technology and environmentally friendly techniques
  • In accordance with the Fund's stated investment objectives, the Fund's investments include targetting inner-city slum redevelopment projects
ASSET ALLOCATION
  • New build including inner city slum redevelopment - up to 35%
  • Grade A commercial properties for rental yield - up to 35%
  • Listed equities of developers and suppliers to the real estate sector - up to 25%
  • Cash Reserve - up to 5%"

MINIMUM SUBSCRIPTION

  • Institutional: €/£/$ 1,000,000
  • Well-informed: €/£/$ 125,000

 

HURDLE RATE
  • Capital Growth share class: 8% pa
  • Income share class: 6% pa
CURRENCY

EUR, GBP and USD

AUDITOR
Deloitte Luxembourg
DEPOSITORY & CUSTODIAN

RBC Investor Services Bank S.A

LEGAL STRUCTURE
SICAV-SIF
LEGAL ADVISOR
GSK Stockmann
FUND ADVISOR
Red Ribbon Fund Management Limited
INVESTMENT ADVISOR'S CO-SPONSORS & JV PARTNERS
  • RE RISE GmbH
  • Hamberg Capital SARL
TARGET RETURNS AT THE SPV LEVEL
  • Capital Growth share class ROI: 20% pa
  • Income share class ROI: 10% pa

SHARE CLASSES

  • Capital Growth - Institutional & Well-Informed
  • Income - Institutional & Well-Informed

 

MANAGEMENT FEES
  • Institutional – 1% of equity
  • Well-informed – 2% of equity

 


SUBSCRIPTION FEES

 

  • Institutional – 1% (not charged to the investor)
  • Well-informed – 5% (not charged to the investor)

 


PERFORMANCE FEES

  • Capital Growth classes: 10% (over 8%); 20% (over 16%); 30% (over 24%)
  • Income classes: 10% (over 6%); 20% (over 12%); 30% (over 18%)

ISIN NUMBERS
Share Class Investor ISIN
Income Share Class Well-Informed Investors LU2337445063
Income Share Class Institutional Investors LU2337445493
Capital Growth Share Class Well-Informed Investors LU2337445733
Capital Growth Share Class Institutional Investors LU2337446038

INVESTMENT PROCESS

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Sourcing

Network and IPC

  • The fund team members have an extensive network from past experience and established relationships, which will be used  to identify developer partners

Developers:

  • The developers will provide a constant source of investment opportunities for the fund as active players in the market

Service Providers:

  • The fund has identified established and local service providers for legal due diligence and financial analysis, taking into consideration regional variations in real estate laws
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Selection Criteria

Developer Selection

  • Track record
  • Reputational Risk
  • Local expertise
  • Brand value
  • Partnership mindset

Project Feasibility study

  • Asset allocation
  • Deal size
  • Return on investment
  • Duration
  • Social impact
  • ESG parameters
  • Micro Market analysis
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Detailed Due Diligence

Operational due diligence

  • KYC/UBO/PEP check
  • Balance Sheet analysis
  • Statutory compliance
  • Media/PR check

Asset due diligence

  • Title check and legal due diligence
  • Environmental Impact Assessment
  • Tenant covenant check
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Investment Committee

Presentation

  • Presentation of short-listed investment opportunities by the fund’s team
  • Discussion and Q&A among investment team and the committee

Approval/Rejection

  • Vote by investment committee’s members