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Indiabulls Asset Management has appointed Ambar Maheshwari as CEO of Alternate Investment Funds.
Maheshwari has over 19 years of experience in corporate finance and consulting across a wide range of industries.
In his last assignment as Managing Director - Corporate Finance at Jones Lang LaSalle [JLL], Ambar was responsible for the overall establishment, direction and growth of the business.
Akshay Gupta, group executive head, asset management, private equity and private wealth, Indiabulls Group, said, “The Alternate Investment Funds will allow the investors to participate in the Real Estate Financing space.”
The fund will invest primarily in debt securities through listed non-convertible debentures of developers undertaking residential projects in top seven property markets of the country.
Indiabulls Housing Finance will be the sponsor of the fund. Indiabulls Real Estate Fund will invest in secured debt of these developers.
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