Private Credit/Residential real estate, mixed-use development, stressed assets
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Nisus Real Estate Special Opportunities Fund I

Special-situations private credit fund research profile

Nisus Real Estate Special Opportunities Fund I is a Category II special-situations credit vehicle providing senior-secured, subordinated, mezzanine and quasi-equity capital to late-stage residential and commercial projects. Public evidence attributes positions in Shapoorji Pallonji’s Manjri project, Kumar Vibe’s Mumbai and Pune projects, Sumukha Housing Bengaluru and other named real-estate assets.

At a glance

Founded
2022
Footprint
Mumbai
Stage
Special-situations private credit; senior secured and mezzanine real-estate capital

Research profile

Read the manager in sequence.

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

Nisus Real Estate Special Opportunities Fund I uses a special-situations private credit; senior secured and mezzanine real-estate capital approach across Residential real estate, mixed-use development, stressed assets.

Current evidence

Nisus’s 2025–26 materials report the first RESO-I exit from the Shapoorji Pallonji subsidiary and later investments in Kumar Vibe and Sumukha Housing projects; the official fund page and 2026 company disclosures remain current.

Strategy

Special-situations private credit; senior secured and mezzanine real-estate capital

Sector focus

Residential real estate, mixed-use development, stressed assets

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

Nisus’s 2025–26 materials report the first RESO-I exit from the Shapoorji Pallonji subsidiary and later investments in Kumar Vibe and Sumukha Housing projects; the official fund page and 2026 company disclosures remain current.

Investor questions

Nisus Real Estate Special Opportunities Fund I research questions

What is Nisus Real Estate Special Opportunities Fund I's investment strategy?

Nisus Real Estate Special Opportunities Fund I is covered in Rupeia's private credit research universe. The current public record describes the strategy as Special-situations private credit; senior secured and mezzanine real-estate capital, with a sector focus of Residential real estate, mixed-use development, stressed assets. The profile should be read with the linked source trail and Typical route: Category II AIF context.

What portfolio evidence is available for Nisus Real Estate Special Opportunities Fund I?

The profile displays only company or asset names attributable to Nisus Real Estate Special Opportunities Fund I in the reviewed public sources: Suvita Real Estate / Shapoorji Pallonji Manjri; Kumar Vibe Properties Khar West; Kumar Vibe Properties Goregaon West; Kumar Vibe Properties NIBM Pune; Sumukha Housing Bengaluru; Swaminarayan Business Park Ahmedabad; Aliens Developers Hyderabad. It does not represent a complete current portfolio unless the manager has published one.

What is known about Nisus Real Estate Special Opportunities Fund I's performance or track record?

Nisus disclosed a first RESO-I exit from Suvita Real Estate, a Shapoorji Pallonji subsidiary, at approximately 18.74% IRR. The manager also reported continued 2025–2026 deployment; vehicle-level net returns 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.

What are Nisus Real Estate Special Opportunities Fund I's fund size, fees and minimum investment?

Public fund size: INR 1,500 crore plus INR 200 crore green shoe target.. Public terms or access information: Seven years and six months from first close, extendable by two years; senior secured, subordinated and mezzanine debt plus quasi-equity for mid/last-mile and discounted-buyout real estate opportunities; 12% pre-tax hurdle and 20–21% target gross IRR.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.

Who is on Nisus Real Estate Special Opportunities Fund I's investment team?

The current source record names Amit Goenka (Founder, MD & CEO); Angad Bedi (Sponsor, BCD Group); Avadhoot Sarwate (CIO); Naushad Panjwani (Independent Director). Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.

What risks should be reviewed before investing with Nisus Real Estate Special Opportunities Fund I?

Review borrower concentration, security and seniority, cash versus accrued income, defaults, recoveries, fund leverage and liquidity. The current open diligence point is: The complete RESO-I borrower schedule, current balances, fees/carry and net returns are not publicly disclosed. The named assets are restricted to transactions directly attributed to RESO-I in manager, company or credible market disclosures..

What is the latest public update on Nisus Real Estate Special Opportunities Fund I?

2026-07-01: Nisus’s 2025–26 materials report the first RESO-I exit from the Shapoorji Pallonji subsidiary and later investments in Kumar Vibe and Sumukha Housing projects; the official fund page and 2026 company disclosures remain current.

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