Together, they bring 50+ years of combined expertise across private credit, residential RE, and alternate debt investing—offering a proven platform for HNIs and institutional clients seeking secure real estate-backed AIFs.
Millenia WB Yield Fund – Category II AIF

Millenia WB Yield Fund – Category II AIF
KEY PORTFOLIO ATTRIBUTES #
| Year of Inception | |
| Number of Stocks | |
| Alpha (1Y) | |
| Beta (1Y) |
About Millenia WB Yield Fund – Category II AIF
Millenia WB Yield Fund – Category II AIF is a SEBI-registered alternative investment fund (AIF) from Irris Whiteboard Private Limited, crafted to offer a secure and structured investment solution for HNIs, NRIs, and institutional investors. The fund targets mid-income residential real estate projects in South India’s high-growth IT corridors. Backed by CRISIL A-rated developers, the fund focuses on pre-leased projects with a projected gross IRR of 18%+ and ring-fenced mortgage-backed security. It’s a standout choice in the alternative fixed-income investment segment, tailored for long-term wealth creation with reduced volatility.
Portfolio Managers
Investment Objective
Millenia WB Yield Fund – Category II AIF aims to generate attractive fixed income returns by investing in mid-income housing projects within fast-growing IT hubs of South India. The fund capitalizes on India’s booming digital economy and urban expansion trends, aligning with developers rated CRISIL A- or higher, while maintaining high security through collateral-backed deployment structures.
Investment Strategy
The fund employs a ring-fenced investment structure by financing projects secured via escrow-based cash flow sweeps and mortgage-backed guarantees. It ensures pre-defined caps on exposure per project, strictly within SEBI guidelines, while focusing on residential developers with visible cash flows and minimum annual payouts.
Key Highlights:
- Diversified real estate investments across pre-approved projects
- Pre-defined cap for risk management
- Escrow-based structure + mortgage security
- Focused on income-oriented HNI investments
Investment Philosophy
Millenia WB Yield Fund offers a differentiated opportunity to invest in India’s real estate sector at a critical inflexion point, driven by rapid urbanization, government policy support, and affordability improvements. The fund integrates ESG-focused impact investing, favoring urban growth nodes and IT-linked regions for long-term, risk-adjusted wealth creation. Its philosophy lies in blending financial security, urban demand, and sustainable development through regulated frameworks.


