Real estate fund · SEBI registry
Prachay Alternate Investment Trust
Real assets (RE/Infra) · Real estate & PropTech · Pune
At a glance
- Stage focus
- Real assets (RE/Infra)
- Primary sector
- Real estate & PropTech
- City
- Pune
- HQ / office
- Pune, Maharashtra (Senapati Bapat Road, Bahiratwadi)
- Fund registered
- 2021
- Corpus (as reported)
- ₹50+ crore raised across 150+ investors (self-reported on site, ~2025); total AUM not formally disclosed
- Website
- prachay.com
- Profile ↗
About
Prachay Alternate Investment Trust is a SEBI-registered Category II AIF (Reg. IN/AIF2/21-22/0958) managed by Prachay Investment Managers Pvt. Ltd., part of the Prachay Group founded by Girish Lakhotiya, which also runs an RBI-registered NBFC. The fund offers debt-oriented schemes (real estate and fintech) largely via unlisted corporate bonds/NCDs.
Investment focus
Category II AIF investing via privately pooled schemes; current schemes target real estate and fintech, primarily through secured/unlisted corporate debt instruments (NCDs)
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/21-22/0958
SIDBI Fund of Funds
None found
Team & organisation
Group ~87 employees on LinkedIn; dedicated AIF investment team size not separately disclosed
SEBI Category II (debt) AIF managed by Prachay Investment Managers Pvt. Ltd. (part of Prachay Group / Prachay Capital NBFC); invests in unlisted privately-placed corporate bonds
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Frequently asked
- What does Prachay Alternate Investment Trust invest in?
- Category II AIF investing via privately pooled schemes; current schemes target real estate and fintech, primarily through secured/unlisted corporate debt instruments (NCDs)
- How do I pitch Prachay Alternate Investment Trust through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ debt / real-estate fund (debt-oriented Cat II, not startup-equity VC)
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://prachay.com; https://www.linkedin.com/company/prachaygroup/