Canonicus Capital raises Rs 192 cr from investors to fund realty projects in NCR

New Delhi, Nov 12 (PTI) Canonicus Capital has raised Rs 192 crore from investors to deploy in real estate projects across Delhi-NCR.

    In a statement on Thursday, the company said it has made "first close of its Special Situations Fund at Rs 192 crore, against a target corpus of Rs 500 crore".

    The Special Situations Fund was launched in 2025.

    With the first close secured, Canonicus Capital said it will focus on deploying capital into selected opportunities across the National Capital Region (NCR).

    "The fund will focus on situations where disciplined capital allocation, strong governance and active execution can help unlock value," the statement said.

    Canonicus had earlier raised and deployed Rs 311 crore through Fund I. Its cumulative fundraising across its two funds has reached Rs 503 crore.

    Rajan Gupta, Managing Director, Canonicus Capital, said: "The Rs 192 crore first close gives us the flexibility to approach the next stage with discipline, and our focus now is deploying capital prudently and delivering returns for our investors".

    He said the NCR is a competitive market, with significant capital competing for a limited pool of quality projects.

    "We remain focused on achieving our Rs 500 crore special situation fund target," Gupta said.

    Canonicus Capital is a boutique investment platform focused on identifying, structuring and executing differentiated investment opportunities.

(This story has not been edited by THE WEEK and is auto-generated from PTI)