India’s First Healthcare Real Estate Fund of USD 500 million Launched by Toro Finserve

Toro Finserve LLP’s India Healthcare Opportunities Fund (IHOF) has received SEBI’s nod for registration under Category 2 Alternative Investment Fund.  This fund is being launched by Kapil Khandelwal, an investment and healthcare industry veteran, and Tapan Bhatt, a global real estate investment manager. The total fund corpus will be USD 250 million (with additional leverage of USD 250 million). The fund will invest into stabilized healthcare real estate providing sticky long term leases from stabilized assets such as hospitals, diagnostic centers, rehab facilities and assisted living facilities with established healthcare operators in Tier I & Tier II cities in India. Outlining the investment opportunity, Kapil Khandelwal, Managing Partner of Toro Finserve, says “Total value of healthcare real estate already built is of over USD 120 billion with less than 5 – 7% operating under asset light model. Further USD 200+ billion is expected to be spent on development of healthcare infrastructure for India to get to Indian Government’s target of 3 beds per 1,000 people by 2025. Our fund expects to create and invest in healthcare infrastructure where institutional investments in healthcare infrastructure has been shy and selective around a few chains of private hospital so far. Indirectly, we are …

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