Special situations fund research profile
EAAA India Special Assets Fund III is a dedicated special-situations vehicle managed by EAAA India Alternatives. The fund provides structured and rescue capital around stressed or complex situations; its public record includes a 2022 close, named investment-team members, regulatory registration and company filings that identify ISAF III schemes in attributable transactions.
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
EAAA India Special Assets Fund III (ISAF III) uses a special situations, stressed assets and structured capital approach across Special situations, manufacturing, real estate.
Current evidence
In September 2026, the Competition Commission of India approved an acquisition of Great White Global involving ISAF III Onshore Fund and India Special Assets Fund III. EAAA separately announced in October 2026 that its ISAF III fund exited a ₹600 crore investment in Prateek Realtors; Tulsyan NEC filings continue to identify India Special Assets Fund III as a shareholder.
Strategy
Special situations, stressed assets and structured capital
Sector focus
Special situations, manufacturing, real estate
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
In September 2026, the Competition Commission of India approved an acquisition of Great White Global involving ISAF III Onshore Fund and India Special Assets Fund III. EAAA separately announced in October 2026 that its ISAF III fund exited a ₹600 crore investment in Prateek Realtors; Tulsyan NEC filings continue to identify India Special Assets Fund III as a shareholder.
Investor questions
EAAA India Special Assets Fund III (ISAF III) is covered in Rupeia's private credit research universe. The current public record describes the strategy as Special situations, stressed assets and structured capital, with a sector focus of Special situations, manufacturing, real estate. 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 EAAA India Special Assets Fund III (ISAF III) in the reviewed public sources: Tulsyan NEC Limited; Great White Global Private Limited; Prateek Realtors. It does not represent a complete current portfolio unless the manager has published one.
EAAA reported a ₹600 crore ISAF III investment in Prateek Realtors exited in October 2026. Public filings also document ISAF III-managed holdings in Tulsyan NEC and a 2026 CCI-approved acquisition involving Great White Global. Fund-level audited return measures are not publicly disclosed. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: Approximately INR 3,400 crore / USD 425 million close announced for the third Special Situations Fund in October 2022; current drawn and undrawn capital are not publicly disclosed.. Public terms or access information: Special situations and structured capital for stressed or complex Indian assets. Public sources do not disclose vehicle-level management fee, carry, hurdle, tenor or return target.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Parv Garg; Harsha Varma; Vishnu Gupta; Amit Agarwal; Navin Sambtani; Kriti Ghosh. 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 fees, carry, drawn capital, realised net IRR/DPI and a complete current ISAF III asset schedule are not publicly disclosed. The record combines the onshore and India Special Assets schemes only where public filings identify them as ISAF III-managed schemes..
2026-10-10: In September 2026, the Competition Commission of India approved an acquisition of Great White Global involving ISAF III Onshore Fund and India Special Assets Fund III. EAAA separately announced in October 2026 that its ISAF III fund exited a ₹600 crore investment in Prateek Realtors; Tulsyan NEC filings continue to identify India Special Assets Fund III as a shareholder.
Next step
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