THE FUND
THE FUND
A SEBI Category II AIF that invests early to capture the highest growth.
A SEBI Category II AIF that invests early to capture the highest growth.
How we invest, where we invest, risk management and our proven track record.
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Mandate
Urban redevelopement, land and approvals, development, special situations, PropTech
Approach
Structure, secured, milestone-linked capital, underwritten with a developer’s eye
Accountability
Sponsor capital at risk, trustee oversight, exit mapped before entry
THE FUND AT A GLANCE
Small enough to be selective. Structured to be accountable.
01
Regulated
Registered with SEBI as a Category II AIF, with an independent trustee and a fixed fund life of up to 10 years. Every term is written down before a rupee is drawn.
02
Aligned
The sponsor invests its own capital in the same pool, on the same terms. When investors lose, we lose: the manager’s share of profits comes only after investors are paid.
03
Disciplined
A ₹100 Cr corpus, with a ₹100 Cr greenshoe, keep the portfolio concentrated and the diligence deep. We would rather miss a deal than force one.
SEBI Reg. IN/AIF2/26-27/2247
Sponsor Brickklin Partners LLP
Manager Brickklin Advisors LLP
Trustee Orbis Trusteeship Services Pvt Ltd
Tenure 8+1+1 years
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Where We Invest
We invest where value is made, not where it is already priced.
Each theme is a point where policy, approvals or distress create a gap between what an asset is worth today and what it can become.
POLICY-LED TRANSFORMATION
Delhi Master Plan 2047
Exposure to land and assets repriced by the new plan, positioned ahead of the approvals and notification that follow.
TOD Land pooling Redevelopment Commercial and mixed-use Industrial regeneration Social and Hospitality
APPROVAL-CYCLEVALUE
Land & Approvals
Exposure to land help before regulatory visibility, with value realised as CLU, rezoning or conversion is secured
Aggregation CLU and rezoning Licence Title consolidation
FULL-CYCLE EXECUTION
Ground-up Development
Exposure to projects entered at pre-approval pricing and carried through approvals, execution and sales
Pre-approval entry Construction Launch and sales Developer SPVs
RESOLUTION & REPOSITIONING
Distress Assets & NCLT
Exposure to assets below replacement cost through resolution, alongside resolution applicants, lenders or operating partners.
NCLT resolution Last-mile funding Stalled project Developer replacement
INDUSTRY DISRUPTION
PropTech
Exposure to technology reshaping how real estate is financed, built, sold and managed, backed with the judgement of people who know where the industry breaks.
Construction and materials tech Real estate fintech Transaction platforms Data and AI underwriting Smart and green buildings
GEOGRAPHY
Concentrated where we have an advantage.
NCR remains the Fund’s primary focus, complemented by selective opportunities in emerging growth corridors with strong demand fundamentals and value-creation potential.
Primary Focus: National Capital Region (NCR)
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Emerging Greenfield Corridors
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Emerging Growth Corridors
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Primary Focus: National Capital Region (NCR)
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Emerging Greenfield Corridors
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Emerging Growth Corridors
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We go where we already know the land, the licence and the buyer—and we say no everywhere else.
Geographic focus is indicative and subject to the investment mandate set out in the Private Placement Memorandum.
What the Fund does and does not do.
The Fund invests in securities and other instruments permitted under the SEBI (Alternative Investment Funds) Regulations, including shares, debentures and interests in limited liability partnerships. It does not itself undertake land acquisition, development, lending or sale.
Instruments, investee-entity form, security packages and exit routes are selected deal by deal within the mandate; routes described are indicative and not exhaustive. Distressed exposure is taken through permitted instruments in resolution or funding vehicles rather than by direct acquisition of loans.
HOW EACH STAGE EXITS
Five stages, five different clocks.
Five staCapital does not come back in one event at the end. Each stage exits through its own route, on its own timeline—so realisations arrive across the life of the Fund rather than all at once.ges, five different clocks.
LAND AND APPROVALS
LAND AND APPROVALS
Sale once the licence is granted, or contribution into a development JV.
Potential counterparties:
Developers
Land aggregators
Institutional buyers
GROUND-UP DEVELOPMENT
GROUND-UP DEVELOPMENT
End-user sales across the project cycle, with staged realisation.
Potential counterparties:
Homebuyers
Commercial occupiers
DISTRESS AND NCLT
DISTRESS AND NCLT
Resolution proceeds, refinancing, or sale of the completed asset.
Potential counterparties:
Resolution applicants
Incoming lenders
End buyers
DELHI DEVELOPMENT
DELHI DEVELOPMENT
Sale post-unlock, or participation through to redevelopment.
Potential counterparties:
Developers
E-development partners
LAND AND APPROVALS
LAND AND APPROVALS
Strategic sale or secondary transfer of the holding.
PROPERTY TECHNOLOGY
Strategic acquirers
Later-stage funds
Anything unrealised at the end of the term is addressed through extension, or a liquidation scheme with investor consent—never a forced sale.
Exit routes and sequencing are expectations, not commitments, and vary by transaction. Treatment of unrealised investments at the end of the term, including any liquidation scheme and the applicable investor-consent threshold, is set out in the Private Placement Memorandum.
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For eligible investor, developers and partners
For eligible investor, developers and partners
Registered Address: S-338, Uppal Southend, Sector-49, Gurgaon, Haryana-122018, India
Registered Address: S-338, Uppal Southend, Sector-49, Gurgaon, Haryana-122018, India
Corporate Office Address: 4th Floor, M3M Urbana Premium, Sector 67, Gurugram
