RE credit (senior secured) fund research profile
Certus Capital is a specialist real-estate-credit manager using institutional underwriting, structured lending and active asset management. Its public materials emphasise senior-secured real-estate finance, predictable downside protection and a technology-enabled investor access layer through Earnnest.
At a glance
Research profile
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
Certus Capital uses a re credit (senior secured) approach across Residential developers.
Current evidence
Certus Capital’s current website reports a dedicated real-estate private-credit platform and a July 2026 ₹275 crore Gurgaon residential investment. Its 2025 public record documents ₹500 crore deployed across four Mumbai and Hyderabad projects, while 2024 disclosures name JSB Group, Dynamix Group and a Casagrand project. The firm’s public success stories and an EY 2026 market update also identify Project Rise and the Arun Excello Compact Homes exit.
Strategy
RE credit (senior secured)
Sector focus
Residential developers
AIF structure context
Indian private credit, venture-debt and special-situations funds are commonly structured as Category II AIFs. Verify the specific vehicle and registration before investing.
Current signal
Certus Capital’s current website reports a dedicated real-estate private-credit platform and a July 2026 ₹275 crore Gurgaon residential investment. Its 2025 public record documents ₹500 crore deployed across four Mumbai and Hyderabad projects, while 2024 disclosures name JSB Group, Dynamix Group and a Casagrand project. The firm’s public success stories and an EY 2026 market update also identify Project Rise and the Arun Excello Compact Homes exit.
Investor questions
Certus Capital is covered in Rupeia's private credit research universe. The current public record describes the strategy as RE credit (senior secured), with a sector focus of Residential developers. The profile should be read with the linked source trail and Typical route: Category II AIF context.
The profile displays only company or asset names attributable to Certus Capital in the reviewed public sources: JSB Group housing projects, Dynamix Group housing projects, Casagrand project, Project Rise, Project Woods, Project Vista, Project Elite, Arun Excello Compact Homes. It does not represent a complete current portfolio unless the manager has published one.
Certus reports ₹250 crore of private-credit exits in 2025 and publishes net-return framing, but the reviewed public record does not establish a full audited fund-level DPI/IRR history. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: Certus reports more than ₹10,000 crore of transaction experience and publicly described a second real-estate AIF targeting ₹300–500 crore; current closed-fund corpus is not independently verified.. Public terms or access information: The manager describes senior-secured real-estate credit, roughly 1.8x+ security cover and a public target of about 14–16% net returns for investors; exact vehicle terms vary.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Ashish Khandelia (ex-KKR RE). Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review borrower concentration, security and seniority, cash versus accrued income, defaults, recoveries, fund leverage and liquidity. The current open diligence point is: Vehicle-level fund terms, final-close disclosures and complete current borrower mapping are not publicly disclosed; the manager’s public returns are not a substitute for audited fund-level performance..
2026-07-22: Certus Capital’s current website reports a dedicated real-estate private-credit platform and a July 2026 ₹275 crore Gurgaon residential investment. Its 2025 public record documents ₹500 crore deployed across four Mumbai and Hyderabad projects, while 2024 disclosures name JSB Group, Dynamix Group and a Casagrand project. The firm’s public success stories and an EY 2026 market update also identify Project Rise and the Arun Excello Compact Homes exit.
Next step
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