Subhash Bedi, Established Real Estate Investor, Launches Rising Straits Capital

- Real estate and Infrastructure private equity firm focused on the Indian market

- To focus on harvests from existing portfolio in next 12-18 months

Mr. Subhash Bedi, who was the Co-founder and Senior Managing Director at Red Fort Capital earlier, has launched Rising Straits Capital, a real estate and infrastructure private equity firm focused on the Indian market.

Mr. Bedi had earlier separated from his long term business partner at Red Fort Capital, Mr. Parry Singh. The separation has been amicable and has been perceived positively, which is exemplified by the complete confidence shown by the LPs and the team.

Pursuant to the separation, Mr. Bedi now owns, controls and manages the investment management company which is responsible for managing all funds raised under Red Fort Capital umbrella - namely two flagship funds and multiple co-investment vehicles totaling an AUM of ~ US$ 1 billion. The funds have been invested through 26 transactions across all the key Indian metros like Delhi, Noida, Gurgaon, Mumbai, Bengaluru, Chennai, Hyderabad and Kolkata.

A key focus area, over the next few months, will be to manage the portfolio, secure exits from matured investments and repatriating money back to its investors. According to Mr. Subhash Bedi, Chairman, Rising Straits Capital, “Over the next 12-18 months, we will focus on harvests from our portfolio, and developing that as a differentiating factor”.

Going forward, Rising Straits Capital is also looking at differentiated ways of addressing the Indian urbanization and real estate story. “We believe that old strategies will not work in today’s Indian environment and hence the firm is looking at a focused approach to develop city and product specific strategies”, he added.

The team, including the two Managing Directors - Mr. Kalyan Chakrabarti and Mr. Gaurav Rakyan - responsible for managing the existing funds at Red Fort Capital, has migrated to Rising Straits Capital. The team at Rising Straits Capital has more than 10 years of experience, managing investments in Indian real estate and the core team has worked together for more than 7 years.

In the near future, the firm is also looking to diversify into affiliated sectors of real estate, leveraging experience and capabilities within the team.

About Rising Straits Capital

Rising Straits Capital is an investment and asset management firm focussing on investments in Indian real estate and infrastructure across the capital spectrum. The company is founded by Mr. Subhash Bedi, who currently manages US$ 1bn of assets across 26 transactions, through his Mauritius based investment management company.

Rising Straits Capital’s investment strategy is uniquely designed for the Indian real estate and infrastructure environment, leveraging its team for pan-India transaction structuring, execution capabilities, investment advisory and asset management expertise.

The firm prides itself on its top governance, transparency and reporting standards, making it a trusted advisor to many of the world’s institutional investors. These include sovereign wealth funds, pension plans, insurance companies and fund of funds from countries like Singapore, the United States, Germany, Switzerland, New Zealand, Qatar, Saudi Arabia and the United Arab Emirates.