New Delhi: Sawai Capital has executed structured credit transactions exceeding ₹300 crore in Q4, reinforcing Sawai Capital’s position as a key player in India’s structured real estate credit segment.
The strong quarterly performance highlights Sawai Capital’s continued focus on disciplined underwriting, consistency, and scaled execution amid a selective capital environment.
During the quarter, Sawai Capital operated against a volatile global backdrop marked by heightened geopolitical tensions, including the Iran–US conflict, which led to a spike in crude oil prices and a broader repricing of risk. This was followed by partial easing after a ceasefire.
In India, the Reserve Bank of India’s decision to maintain the repo rate reflected a calibrated approach to balancing growth and inflation amid persistent uncertainty.
Amid these conditions, Sawai Capital observed a widening gap between available capital and deployable capital, with investors placing greater emphasis on transaction structuring quality, downside protection, and cash flow visibility.
Sawai Capital continued to focus on structured private credit opportunities, particularly asset-backed investments that offer both yield certainty and capital protection.
In Q4, Sawai Capital concentrated on luxury and urban mid-market residential real estate segments, executing transactions with ticket sizes of ₹100 crore and above.
Each deal structured by Sawai Capital was anchored in strong collateral coverage, clear visibility on cash flows, and partnerships with developers demonstrating proven execution track records.
Also Read: Hormuz Impact on Mumbai Real Estate: Why South Mumbai Homes Will Get Costlier
Sawai Capital Closed Two Marquee Structured Credit Transactions with Established Developers
These transactions were structured to unlock project-level liquidity while maintaining robust downside protection through collateral-backed frameworks and clearly defined exit mechanisms.
Vickrant Singh, Co-Founder, Sawai Capital, said: “In periods like these, consistency matters more than momentum. Our focus has remained on disciplined underwriting and strong collateral structures, ensuring that every transaction is built with clarity on both risk and outcome. That approach has allowed us to stay steady, even as the broader environment remains uncertain.”
Kajal Singh, Co-Founder, Sawai Capital, added: “At this scale, structuring becomes critical. It’s not just about identifying opportunities, but about designing transactions where investor protection is built into the framework from the start. That’s what gives investors’ confidence, especially in a market where visibility and risk assessment have become far more important.”
The portfolio performance of Sawai remained robust, with zero delinquencies and timely repayments across all transactions. This reflects the firm’s disciplined underwriting practices and careful asset selection strategy.
Sawai delivered secured yields ranging between 18% and 24%, offering investors predictable and risk-adjusted returns despite market volatility.
The quarter further underscores Sawai’s ability to scale its operations while maintaining a strong focus on risk management.
By continuing to prioritise structured, collateral-backed lending, Sawai is reinforcing its position as a trusted partner for both investors and developers in India’s evolving private credit landscape.
