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Mt. K Kapital has launched its second real estate credit fund with a target size of USD 450 million, a move that comes on the back of strong investor confidence following the performance of its debut fund. The new fund will expand the firm's presence across Mumbai, NCR, Pune, and Bengaluru, with deployment expected around early 2026. The platform aims to partner with developers from the acquisition stage and support them through the project cycle. With robust participation from both GPs and LPs, the fund builds on the success of Mt. K Kapital's earlier MMR-focused investment strategy.
Mt. K Kapital, a prominent real estate investment management firm, marked a significant milestone earlier this week as it introduced its second credit fund with a targeted corpus of USD 450 million. The initiative has already secured strong interest from both General Partners and Limited Partners, underscoring the confidence investors continue to place in the firm's team, its disciplined approach, and the performance of its maiden fund. The company's strategy to scale India's real estate credit landscape is anchored in the broader resilience of the Indian economy and the sectoral momentum witnessed over the past few years. Advertisement
Through this newly announced fund, Mt. K Kapital intends to forge deeper collaborations with developers across major urban markets, including Mumbai, NCR, Pune, and Bengaluru. Its investment approach will focus on capital participation at the acquisition stage, followed by ongoing support throughout the lifecycle of project development. The platform's partnership-led model is designed to enhance project feasibility, improve financial outcomes, and strengthen product positioning in competitive micro-markets. The firm has indicated that fund deployment is planned for early 2026, buoyed by a healthy pipeline of proposals currently under review.
Binitha Dalal, Founder and Managing Partner at Mt. K Kapital, stated in indirect speech that the platform was originally conceived to ensure complete alignment of interests among all players in the development value chain. She noted that the performance of the first fund had validated this philosophy, and the second fund would extend the same model across new geographies such as Pune, Bengaluru, and NCR. She added that the investors' continued support had been instrumental in shaping expansion plans, and emphasised the company's commitment to structuring developer partnerships that deliver stronger project outcomes. She further mentioned that Mt. K Kapital was recognised for its intensive due diligence, disciplined investment model, and strong on-ground execution capabilities, and the firm intended to accelerate the value it provides through the second fund.
Reflecting on the progress of the platform, Boman Irani, CMD of the Rustomjee Group, observed in indirect speech that the Mt. K initiative-backed by Rustomjee-had advanced considerably since inception and had reinforced his belief that real estate investment structures could be mutually beneficial for all stakeholders. He stated that the second fund would enable the industry to gain further from Mt. K Kapital's development-oriented investment model. He highlighted that the first fund, valued at INR 790 crore and focused on the MMR region, had demonstrated strong performance through prudent underwriting, close project monitoring, and a supportive investor environment. He added that Mt. K Kapital was well positioned to evolve into a significant institutional force within the industry.
Since its launch in 2022, Mt. K Kapital's first fund-an INR 790 crore MMR-focused vehicle with exposure to Rustomjee-led developments-has recorded steady growth. It has attracted a distinguished pool of investors, including major financial institutions such as SBI, ICICI Bank, SBI Life, and Famy Care, in addition to several notable family offices. Its performance has been shaped by a disciplined investment framework, hands-on engagement with projects, and long-term partnerships with developers, reinforcing confidence in the platform's expansion through the second fund.
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