Senior secured and mezzanine real-estate private credit fund research profile
Sundaram High Yield Secured Real Estate Fund IV is a closed-ended Category II private-credit vehicle focused on senior secured and mezzanine financing for real-estate and other hard-asset-backed situations. Issuer filings attribute Fund IV facilities to named projects including Lumina, Infinys, Town & Country and Harmonia, allowing allocator review of actual collateral references rather than generic sector descriptions.
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
Sundaram High Yield Secured Real Estate Fund IV uses a senior secured and mezzanine real-estate private credit approach across Residential real estate, commercial real estate, logistics.
Current evidence
Sundaram’s current product page identifies Fund IV as closed for investment, while a 2025 Lancor filing attributes Fund IV NCDs to Lumina, Town & Country, Harmonia and Infinys projects.
Strategy
Senior secured and mezzanine real-estate private credit
Sector focus
Residential real estate, commercial real estate, logistics
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
Sundaram’s current product page identifies Fund IV as closed for investment, while a 2025 Lancor filing attributes Fund IV NCDs to Lumina, Town & Country, Harmonia and Infinys projects.
Investor questions
Sundaram High Yield Secured Real Estate Fund IV is covered in Rupeia's private credit research universe. The current public record describes the strategy as Senior secured and mezzanine real-estate private credit, with a sector focus of Residential real estate, commercial real estate, logistics. 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 Sundaram High Yield Secured Real Estate Fund IV in the reviewed public sources: Lumina Project; Infinys Project; Town & Country Project; Harmonia Project. It does not represent a complete current portfolio unless the manager has published one.
Sundaram reports Fund IV fundraising and active deployment; listed-borrower filings disclose coupon, security and amortisation terms on named project facilities. Vehicle-level audited net performance is 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: The manager reported INR 390 crore raised by 31 March 2024; exact final close is not publicly disclosed.. Public terms or access information: Five-year close-ended Category II AIF; senior secured credit, NCDs and mezzanine instruments; typical deal tenor approximately three to four years; security includes project mortgages, escrowed receivables and guarantees.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Kumaran Chandrasekaran (Fund Manager); Karthik Athreya (Head – Strategy, Alternative Credit); Sundaram Alternate Assets Limited (Investment Manager). 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 net returns, fees, carry and final close are not publicly disclosed. Named assets are limited to projects explicitly tied to Fund IV in issuer filings and the manager’s current product materials..
2025-09-01: Sundaram’s current product page identifies Fund IV as closed for investment, while a 2025 Lancor filing attributes Fund IV NCDs to Lumina, Town & Country, Harmonia and Infinys projects.
Next step
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