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An Experienced Investment Manager with a Differentiated Approach to Alternative Investments
Managed by WSB Real Estate Partners
Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
WSB Real Estate Debt Fund (SEBI Reg. IN/AIF2/22-23/1229) is a Category II AIF registered in March 2023, managed by WSB Real Estate Partners Private Limited (formerly Walton Street India). WSB is a Mumbai-based real estate investment manager backed by a team that collectively has 100+ years of advisory and management experience in Indian real estate across residential, commercial, and industrial asset classes. Founded by Managing Partners Kaushik Desai (ex-Deutsche Bank, CRISIL, Edelweiss), Vinit Prabhugaonkar (ex-ITC, Shapoorji Pallonji), and Vimal Jangla (ex-K. Raheja Corp, IL&FS), the firm has invested approximately INR 3,300 crore (~US$ 440 million) across numerous transactions and projects. The WSB Real Estate Debt Fund focuses on structured real estate debt — primarily senior and mezzanine lending to developers at pre-completion stages of residential and commercial projects in India's top-8 cities, primarily the Mumbai Metropolitan Region. Audited by Grant Thornton, the fund targets risk-adjusted debt returns with strong security structures, targeting institutional LPs and family offices. The firm is headquartered at Unit 215, The Capital, G Block, Bandra Kurla Complex, Mumbai – 400051.

Kaushik Desai
Managing Partner
Mr. Desai has over 25 years of experience and is presently the Managing Partner at WSB (formerly Walton Street India). He has been associated with the Group for more than 13 years. At WSB he is responsible for driving strategic initiatives and managing key relationships with funds, investors and intermediaries. He is also instrumental in reviewing and advising on the transaction structures and new investments opportunities.

Vinit Prabhugaonkar
Managing Partner
Mr. Prabhugaonkar has over 23 years of real estate experience and is presently the Managing Partner at WSB (formerly Walton Street India). He has been associated with the Group for more than 15 years. At WSB, he is primarily responsible for managing key developer and stakeholder relationships, overseeing acquisitions and portfolio asset management.

Vimal Jangla
Managing Partner
Mr. Jangla has over 18 years of real estate experience and is presently the Managing Partner at WSB (formerly Walton Street India). He has been associated with the Group for more than 14 years. At WSB he is primarily responsible for fostering key collaborative relationships with real estate developers and affiliates for the purpose of implementing investment strategies. He also manages sourcing & evaluation of acquisition opportunities and provides oversight of development of projects including integrated townships.

Hardik Bagadia
Finance Controller
Hardik Bagadia has been with Walton Street India / WSB since 2010 (13+ years). A Company Secretary and B.Com graduate from University of Mumbai, he is responsible for all accounting, finance, and secretarial/compliance work. He is the SEBI-registered contact person for WSB Real Estate Debt Fund.

Rahul Rajendran
Vice President
Rahul Rajendran joined WSB in 2015 with 9+ years of real estate experience. Responsible for sourcing, evaluating, and executing new investment opportunities and market research. Formerly with EY's Transaction Advisory Group. Chartered Accountant.
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