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Conservative Capital. Proven Developers.
Managed by Aevitas
Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
Kautilya Real Estate Fund (KREF) is a SEBI-registered Category II Alternative Investment Fund (reg. IN/AIF2/18-19/0574, LEI: 335800ECWAQTMHDNE470), registered in August 2018 and managed by Kautilya Finance Investment Advisors LLP (LLPIN: AAD-3619, incorporated February 13, 2015) — a New Delhi-based real estate debt investment manager. Designated Partners: Shiv Wallia and Neha Wallia. KREF is an investor in Aevitas Property Partners — a Netherlands-based closed real estate debt fund (PitchBook: 'managed by Aevitas Property Partners') — which co-invests alongside Kautilya in Indian residential real estate lending. The fund provides debt to residential real estate developers in Delhi NCR and Mumbai MMR for growth capital or construction finance. KREF focuses on established developers with a proven track record and significant personal involvement in their projects. Investment sizes range from ₹40 crore to ₹250 crore. The fund's 35-member team includes Chartered Accountants, MBAs from ISB, engineers from IITs, architects, and project managers. The LEI record shows a current registered address of B 7/45, T/F, Safdarjung Enclave Extension, New Delhi 110029. The SEBI-registered office at 520, 5th Floor, E Block, International Trade Towers, Nehru Place, New Delhi 110019, is the Nishith Desai Associates (NDA) Delhi office — indicating NDA serves as the fund's legal advisor.
Shiv Wallia
Designated Partner, Kautilya Finance Investment Advisors LLP
Shiv Wallia is a Designated Partner of Kautilya Finance Investment Advisors LLP — the Investment Manager of Kautilya Real Estate Fund. He co-founded the fund management entity with Neha Wallia, with the LLP incorporated on February 13, 2015. He leads the real estate debt investment strategy with a 35-member team drawn from leading institutions.
Neha Wallia
Designated Partner, Kautilya Finance Investment Advisors LLP
Neha Wallia is a Designated Partner of Kautilya Finance Investment Advisors LLP and co-founder of the investment manager entity for Kautilya Real Estate Fund.
Ishaan Vyas
SEBI Contact Person / Legal Advisor (NDA)
Ishaan Vyas is the SEBI-designated contact person for Kautilya Real Estate Fund. His email (ishaan.vyas@nishithdesai.com) identifies him as a professional at Nishith Desai Associates (NDA) — the fund's external legal counsel and regulatory compliance partner at the NDA Delhi office, International Trade Towers, Nehru Place. NDA is a leading Indian law firm specialising in AIF structuring and fund formation.
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