WSB Real Estate Partners, Blacksoil Group hit target for real estate debt fund

WSB Real Estate Partners, an alternative investment platform jointly held by the ex-India Management team of Walton Street Capital and Blacksoil Group, has raised more than its target Rs 500 crore ($66.7 million) for its residential property debt fund, WSB Real Estate Debt Fund II (WSBREDF II).

The fund was backed by stakeholders, such as large family offices, corporations, offshore investors, and high-net-worth individuals.

WSB Real Estate Partners and Blacksoil Group said the fund will focus on using structured debt to invest in residential real estate projects serving the middle-income/affordable-housing segment across select Tier I cities.

“We would like to sincerely thank our investors, partners, and stakeholders for reposing faith in us through repeat investments across multiple funds/strategies since 2013, that has helped us grow this business over the last nine years,” said Kaushik Desai, managing partner of WSB Real Estate Partners. “WSBREDF II ha