Vishal Singh, a former executive at Delloite India, has joined Certus Capital, an investment firm that focuses on real estate, as a partner. With a focus on investment banking and advisory services, Singh joined with more than two decades of experience.
Over the course of his twelve years at Deloitte, first as a director and then as a partner, he dealt with profiles like real estate investment banking, corporate finance in equity, quasi-equity, structured finance, debt, merger and acquisitions, and exceptional situations.
Singh has experience working for organisations including Brescon & Allied Partner, Edelweiss, ICICI Bank, and Jones Lang LaSalle before joining Deloitte.
“Vishal has been an industry colleague for many years and we closed several deals advised by him, during my KKR days. He brings along a relationship network with developers and institutional investors alike and over 20 years of real estate advisory experience across asset classes and capital structures,” Khandelia said in the LinkdIn post.
In August, Khandelia stated in an interview that Certus intends to introduce its first category-II alternative investment fund (AIF) early in 2019. The real estate fund is aiming for an initial capital of Rs 500 crore and would be credit-focused.
The mid-market residential project being built by Pune-based developer Pharande Spaces has received an investment of Rs 40 crore from Earnnest.me, a digital neo financing platform of Certus Capital. The 4 lakh sq ft project is situated in the Pimpri-Chinchwad district of the city.
Following his departure from KKR, where he co-headed Indian real estate investments, Khandelia founded Certus Capital in 2018. Certus Capital, an NBFC licenced firm that conducts advisory business, has closed transactions worth more than $300 million over the past two years.
In January 2019, Certus set up a potential deal in which Oaktree Capital, a global alternative investment management firm, would purchase debts from Dewan Housing Finance Corporation (DHFL), a mortgage lender with a high level of debt.