Ashwin Sheth, founder & CMO of Sheth Developers, said, "BlackSoil helped us raise funds in a tailor made way in August 2014."
Virendra Gala, partner of BlackSoil Realty Investment Advisor LLP, said, "We are happy to conclude this exit with favourable terms ahead of time. We look forward to maintain the strong relations with Sheth Developers
through our fund and NBFC
(non-banking financial company) platform."
Formed in early 2013, BlackSoil Realty Fund, which is managed by BlackSoil Realty Investment Advisor LLP, has raised 160 crore so far and invested Rs 120 crore through six transactions across Mumbai, Bangalore and Hyderabad. The fund is expecting a couple of more complete exits in the coming weeks.