Mt K Kapital Announces Second Fund to Grow Real Estate Credit Space

Mt K Kapital, a leading real estate investment management firm, has initiated its second fund with a target corpus of USD 450 million. The fund is backed by strong General Partners (GPs) and Limited Partners (LPs), reflecting confidence in Mt. K Kapital’s team as well as performance in its first fund. Their strategy to grow the credit space in India’s real estate market is backed by the strong growth fundamentals of the Indian Economy and its mirror effects on the growth of the Real Estate Sector. 

 

With this new fund, Mt. K Kapital will build partnerships with developers across key markets including Mumbai, NCR, Pune, and Bangalore with an aim to invest at acquisition stage and further support its development partners through the journey of the project development. As a partnership-driven platform, Mt. K Kapital’s focus remains on working closely with developers to enhance project viability, strengthen bottom-line performance, and drive meaningful product differentiation within their respective micro-markets. The deployment target for the new fund is early 2026, supported by a strong pipeline of projects currently under evaluation.

 

“The Mt. K platform was built with an absolute alignment of interests among all stakeholders in the development value chain, and the performance of our first fund is a testament to our thesis. With our second fund, we look forward to expanding this proposition across the country as we enter the markets of Pune, Bangalore, and NCR. The continued support of our investors has been a significant encouragement, and the confidence they placed in us during the first fund has helped shape our expansion strategy. As we broaden our developer network and enter new micro-markets, our commitment remains centred on creating win-win structures that aid in delivering successful real estate projects that customers ultimately benefit from. The Mt. K team has consistently been recognized for its deep analysis, rigorous investment thesis, and strong on-ground capability, and we look forward to accelerating the value we bring to both our developer partners and our investment ecosystem through this second fund,” said Binitha Dalal, Founder & Managing Partner, Mt. K Kapital.

 

Mr. Boman Irani, CMD, Rustomjee Group, also reflected on the platform’s next phase of growth, “The Mt. K platform, backed by Rustomjee, has made considerable progress since its inception and it has reaffirmed my thesis of making Real Estate Investments a win-win for all stakeholders. With the second fund, we are confident that the real estate industry stands to benefit even more meaningfully from Mt. K’s approach and development mindset. The first fund, which is a ₹790 crore MMR-focused fund, has been a landmark strategy in terms of underwriting, project monitoring, and investor support. We are certain that the platform will continue to grow consistently and emerge as a major institutional player for the real estate sector from an investments perspective. It has already proven to be a highly effective model within the Rustomjee ecosystem.”

 

Since its launch in 2022, Mt. K Kapital’s first fund, a ₹790 crore MMR-focused fund with investments in Rustomjee projects, has grown steadily with the support of marquee investors, including leading institutions such as SBI, ICICI Bank, SBI Life and Famy Care, along with several prominent family offices. The fund’s performance is rooted in a rigorous investment framework, hands-on monitoring, and long-term developer partnerships.