Nuvama raises $420 million for commercial real‑estate fund amid surge in alternative assets
Nuvama Wealth Management Ltd. secures roughly $420 million for a commercial real‑estate fund partnered with Cushman & Wakefield Management, expanding its $39 billion client‑asset base. The move reflects a broader shift, as single‑family offices allocate about 60 percent of portfolios to alternatives and Indian family offices devote 40‑45 percent to private credit, venture capital, REITs and infrastructure. JPMorgan Asset Management reports a 40 percent rise in private‑wealth alternative assets across Asia‑Pacific over the past year, while alternative investment funds in India have nearly doubled to $64.5 billion since March 2024. At least six new vehicles launched this year aim to raise over $1.25 billion for real‑estate and infrastructure projects.
Key facts
- Nuvama's fund raise adds to its $39 billion asset pool.
- Alternative assets dominate single‑family office holdings at 60 percent.
- India's alternative investment funds nearly double to $64.5 billion.
- JPMorgan sees 40 percent growth in Asia‑Pacific private‑wealth alternatives.
- Six new vehicles aim to raise $1.25 billion for real‑estate and infrastructure.
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Why it matters
The inflow signals strong investor appetite for alternatives, reshaping capital allocation in India and the wider Asia‑Pacific region.
What changed
First published from The Economic Times and CNBC