It is very detailed (70+ pages)- most of the things they have already published earlier.
In alternatives, they are saying AUM of around $1 billion. They have been saying for 3/4 years now, may be more. India RF- stressed asset sector is underwing major changes, so not sure if this JV will make major headway. Edelweiss ARC- which is leader in the sector- has changed from wholesale to retail. India RF seems a small player in the sector.
Credit fund has huge opportunities on the sector basis. I am puzzled why PEL is not scaling up this segment despite their self proclaimed expertise (PEL say they are expert in the RE field and then book thousands of crop of losses). Many player are moving their wholesale RE funding to alternative assets as it suit the tenure and return expectation. PEL does not say much about this segment other than slight mention in their PPT. The size of the fund is sub optimal and I do not think it will be making meaningful construction to PEL anytime soon.
Subscribe To Our Free Newsletter |