Indiabulls Asset appoint Ambar Maheshwari as CEO of Alternate Investment Funds

Indiabulls Asset appoint Ambar Maheshwari as CEO of Alternate Investment Funds to head maiden Real Estate Fund

Mr. Ambar Maheshwari_CEO, Alternate Investment Funds [AIF]_Indiabulls Asset Management Ltd.

Indiabulls Asset Management Ltd. announced that it has appointed Mr. Ambar Maheshwari, as CEO, Alternate Investment Funds [AIF]. As a part of the AMC, the AIF team will largely focus on strategies in the real estate investment space. Mr. Maheshwarihas 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. Prior to this, he held key positions in companies such as DTZ, KPMG, Ambit Corporate Finance and Infrastructure Leasing & Financial Services.

While welcoming Mr. Mashewari to the group, Mr. Akshay Gupta, group executive head, asset management, private equity and private wealth at Indiabulls Groupsaid that, “The Alternate Investment Funds will allow the investors to participate in the Real Estate Financing space. Indiabulls Group is well positioned to manage such funds and Ambar will head a high caliber team which will help in achieving the stated objectives of the funds when they are launched.”

The fund will invest primarily in debt securities through listed non-convertible debentures of developers undertaking residential projects in top 7 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.