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Indian wealth firm unit 360 One Asset raises $254m
360 ONE Asset Management, a subsidiary of India’s leading wealth and asset management firm 360 One WAM, has raised around 2,300 crore rupees (US$254 million) for a category II alternative investment fund focused on infrastructure and income-generating commercial real estate.
The Mumbai-based firm manages listed and alternative assets across various classes, including public and private equity, fixed income, and real assets.
A large portion of the new fund has already been invested in assets such as Knowledge Realty Trust, Vertis Infrastructure Trust, Maple Infrastructure Trust, and Brookfield-backed Bluegrass Business Park.
These deals involved partnerships with global institutional investors, including Brookfield, Blackstone, and CDPQ.
As of the end of September, 360 ONE’s real assets platform manages about 10,000 crore rupees (US$1.1 billion).
Correction: An earlier version of this article incorrectly stated the value of 360 ONE’s real assets platform as US$1.1 million. The correct amount is about 10,000 crore rupees (US$1.1 billion) as of the end of September.
🔗 Source: The Economic Times
🧠 Food for thought
Implications, context, and why it matters.
360 ONE’s track record offers no clear proof this ₹2,300 crore raise will deliver competitive returns
- The report withholds target net internal rate of return (IRR) and tenor (fund life). It omits fee terms or leverage policy (use of debt), which blocks a clear view of risk-adjusted returns.
- 360 ONE Asset’s private credit arm has put over $8 billion to work since 2015. IOF-5 is a private credit fund in the India Opportunities series and aims for 13 to 15% net IRR. The real assets platform manages ₹10,000 crore. The report and 360 ONE’s asset site share no realized results, and it has not posted Distributions to Paid-In (DPI) or Multiple on Invested Capital (MoIC) 12. ALTPORT, a private-markets data platform, lists seed fund DPI of 2.1x as of Jun-23 32.
India’s expanding InvIT universe creates immediate sales opportunities for compliance and monitoring vendors
- India counts 19 Infrastructure Investment Trusts (InvITs) and 4 Real Estate Investment Trusts (REITs). These listed vehicles hold operating infrastructure or commercial property. They manage over ₹3.5 trillion as of January 2023 and could reach ₹8 lakh crore in 4 to 6 years. That implies growth near 128% 4.
- Software or analytics vendors can pitch Environmental, Social and Governance (ESG) reporting, Internet of Things (IoT) based monitoring or operational analytics to Securities and Exchange Board of India (SEBI) registered InvIT managers and projects 56. Government programs add more demand. The National Infrastructure Pipeline is a long term public investment plan, and the National Monetisation Pipeline leases public assets to private operators 4.
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