Landmark Return Multiplier Fund

Real Estate Fund with Superior Risk Adjusted Returns

CONTENTS
Fund Overview and Key Fund Terms
Landmark Capital Overview
Board of Directors, Team Prole and Exit Track Record
Overall Fund Theme and Funding Strategy
Fund Structure and Taxation
Investment Process and Investment Strategy
Risk, Mitigation and Protection Rights
Our Partners
FUND OVERVIEW AND KEY FUND TERMS
1
FUND OVERVIEW
Sb req.:ereo rea| e:ae |ccu:eo |uno unoer |e nev /- req.ne
-uno S.ze c| : CC crcre: v.| a Creen S|ce Cp.cn c| : CC crcre:
Super.cr reurn: v.| aoeouae ocvn:.oe prcec.cn by vay c| cc||aera|:, re:u|.nq .n |cver.nq |e .nve:nen r.:|:
signicantly
-ccu: cn cp 4 c..e: nane|y |unba., banqa|cre, C|enna. ano -une
nve:nen c be naoe v.| rencvneo eve|cper: v|c |ave a prcven rac| reccro |cr execu.cn ano :a|e:
nve:nen .n -rc[ec: v|.c| are yp.ca||y unoer ccn:ruc.cn cr apprcva|: are .n p|ace
nve:nen pr.nar.|y .n re:.oen.a| :eqnen
nve:nen .n |e ccnb.na.cn c| nezzan.ne ano eou.y
|.n.nun C c| Ccrpu: c be .nve:eo by vay c| |xeo pre|erreo reurn (nezzan.ne, par.c.pa.cn ano ba|ance by
vay c| eou.y
|e abcve p|.|c:cp|y vcu|o en:ure |xeo pre|erreo reurn a|cnqv.| any eou.y up:.oe :|ar.nq
yp.ca||y |e en.re Ccrpu: vcu|o be a||ccaeo cver o- oea|: c| :na|| c neo.un .c|e :.ze: v|.c| vcu|o en:ure aoeouae
diversication of the Portfolio and derisking
nve:nen /ov.:cr |a: a ean c| |.q||y exper.enceo prc|e::.cna|: v.| apprcx 1C oecaoe: c| cvera|| exper.ence
|e ean |a: a very un.oue b|eno c| exper.ence ccnpr.:.nq c| ea| :ae nve:nen, ea| :ae Ccn:ruc.cn ano -rc[ec
Management professionals
|e ean |a: :ucce::|u||y ex.eo :evera| prc[ec: .n pa: a arac.ve :
Curren nar|e :cenar.c .: very ccnouc.ve c -uno |e eve|cper: cn acccun c| |ac| c| |nanc.nq |rcn ban|: ano -.nanc.a|
n:.u.cn:, |.n.eo avenue: c| |uno.nq .n area: c| |ano acou.:..cn, reoeve|cpnen prc[ec:, acou.:..cn c| -S/
/cccro.nq|y, pc::.b|e c neqc.ae |e |nanc.nq :rucure ano oea| oua|.y .n |avcur c| enoer
Investment Advisors
Capitalizing
on the current
market scenario
Fund Overview
Investment Focus
and Strategy
Investment Theme
|ere nay be a var.a.cn .n nve:nen |ene oepeno.nq upcn |e nar|e ccno..cn: ano nve:nen |anaqer: :raeqy 2
KEY FUND TERMS
Key Terms Particulars
Fund Size : CC crcre: v.| a Creen S|ce cp.cn c| : CC Crcre:
Fund Life a year: (cp.cn c| exen:.cn c| vc ern: c| cne year eac|,
Minimum Commitment : 1 crcre per nve:cr
Drawdown 4C Up|rcn ano ba|ance .n vc .n:a||nen: c| C eac|
Commitment period 18 ncn|: |rcn |na| c|c:.nq oae
Hurdle Rate 11 per annun
Targeted Gross IRR* 1 - per annun
Carried Interest 1C per annun (v.|cu cac| up,
Management Fee /nnua| |anaqenen -ee - 1.a c| committed amount
Cne .ne :e up |ee c| ccnn.ed amount
Distributions Sen. annua|/ /nnua| y.e|o o.:r.bu.cn:
Capital repayment to start from second year onwards
Sponsor Commitmen a c| |e ca| Cap.a| Ccnn.nen
nerna| ae c| eurn be|cre annua| |uno nanaqenen |ee, :e up cc::, carr.eo .nere: ano axe:
3
LANDMARK CAPITAL OVERVIEW
4
LANDMARK CAPITAL OVERVIEW
anonar| Cap.a| .: a Sb req.:ereo pr.vae eou.y -uno =cu:e :e up by exper.enceo prc|e::.cna|: v.| o.ver:.|eo rea| e:ae
.nve:nen bac|qrcuno
a.n: c |everaqe |e o.ver:.|eo exper.ence c| .: ean acrc:: o.|eren a::e c|a::e: c| rea| e:ae .n .oen.|y.nq arac.ve |.q| reurn
investment oppurtunities
anonar| p|.|c:cp|y .: qeareo c prcv.oe cp.nun reurn: c |e nve:cr: ano / |e :ane .ne en:ur.nq aoeouae pc::.b|e nea:ure:
to ensure protection of investment
nve:nen |anaqer a anonar| vcu|o :r.ve c en:ure |ea| c| eac| .nve:nen |rcuq| requ|ar reurn: c |e nve:cr: ano vcu|o
en:ure ab:c|ue ran:parency c nve:cr:
anonar| vcu|o pr.nar.|y |ccu: cn re:.oen.a| :eqnen
anonar| vcu|o |c||cv oe|en:.ve .nve:nen :raeqy v|.c| vcu|o nean .nve:nen cppcrun..e: c|er.nq requ|ar arac.ve reurn
along with upside
anonar| vcu|o a|:c cppcrun.:.ca||y .nve: .n eou.y ran:ac.cn: c qenerae :uper.cr reurn:
eaoer:|.p ano Ccre ean c| anonar| |a: /pprcx 1C oecaoe: c| ccnb.neo exper.ence .n |no.nq arac.ve rea| e:ae .nve:nen
cppcrun..e:, :rucur.nq ano nurur.nq |e .nve:nen ano na|.nq prc|ab|e ex.:
|e ean |a: a qcco b|eno c| exper.ence c ccver eno c eno cyc|e c| .nve:nen: ano carr.e: v.| .:e|| |e nc: o.ver:e
ea| e:ae bac|qrcuno
ean |a: exen:.ve exper.ence acrc:: o.|eren rea| e:ae a::e c|a::e: ano |a: un.oue oea| :curc.nq ab.|.y bac|eo by :c|.o rea| e:ae
investment experience
Team
About
Landmark Capital
Philosophy
Strategy
5
BOARD OF DIRECTORS
6
BOARD OF DIRECTORS
Mr Raj Narayan Bharadwaj
=e |a: |ao an .||u:rious career spann.nq a|nc: 4 oecaoe:. x C|a.rnan ano | c| C ano curren|y, |e c|a.rnan c|
e|.qare nve:cc ru:ee Cc. |o. =e|o o.reccr:|.p: c| /ne| /uc .n.eo, C (|aur..u: ano an|a,, no.an a.|vay Caer.nq
ano cur.:n Ccrpcra.cn .n.eo, -C o, /`S ban| .n.eo (|crner|y, U ban| o,, CC ano NS. -c: Craouae eqree
in Economics form Delhi School of Economics and BE from Institute of Engineers
Mr Milind Korde
=e |a: been a Managing .reccr c| Ccore[ -rcper.e: .n.eo. Sareo |.: career v.| aa =cu:.nq ano [c.neo Ccore[
-rcper.e: .n.eo. year: c| exper.ence .n rea| e:ae oeve|cpnen ano |a: |ano|eo o.ver:e pcr|c|.c: |.|e |eqa|, nar|e.nq,
ccnnerc.a|, :ecrear.a| ano bu:.ne:: oeve|cpnen. =e .: a |av qraouae, |c|o: a bac|e|cr c| Sc.ence oeqree ano .: a
Company Secretary
Mr D.P. Roy
=e |a: experience c| ncre |an 4C year: .n ban|.nq nou:ry ano |a: been a oepuy |anaq.nq .reccr c| Sae ban| c| no.a
(Sb,. =e va: xecu.ve C|a.rnan c| Sb Cap.a| |ar|e: .n.eo ano va: a|:c |e -re:.oen ano CC c| Sb Nev `cr|. =e
carr.e: an .n-oep| |ncv|eoqe ano vcr|.nq .n:.q| .nc |e ban|.nq :eccr. |a:er c| Sc.ence ano |e||cv a::cc.ae c| no.an
Institute of Bankers
Mr Ashish Joshi
C + year: c| exper.ence .n rea| e:ae, |cq.:.c: ano e|eccn .nou:ry. =e va: |e |anaq.nq -arner ano \|c|e .ne .reccr
v.| |.|e:cne Cap.a| /ov.:cr: .n.eo, a -r.vae ou.y -uno, v|ere |e va: re:pcn:.b|e |cr rea| e:ae .nve:nen: v.| /U|
c| :. CCC Crcre:. n |.: prev.cu: exper.ence, |e |a: vcr|eo a: |e C|.e| -.nanc.a| Cmcer a -en.n:u|a ano o. ano .reccr
- bu:.ne:: /on.n.:ra.cn v.| Cernan |NC =apaq-|cyo. =e .: C|arereo /cccunan ano Cc: /cccunan by -rc|e::.cn
7
CORE TEAM PROFILE
8
CORE TEAM
ASHISH JOSHI
C + year: c| exper.ence .n rea| e:ae, |cq.:.c: ano e|eccn .nou:ry
x |anaq.nq -arner, ea| :ae nve:nen: c| |.|e:cne Cap.a| /ov.:cr:
=e va: a::cc.aeo a |.|e:cne Cap.a| :.nce .: .ncep.cn ano va: .n:runena| .n bu.|o.nq a rea| e:ae /U| c| : ,CCC
crcre: acrc:: rea| e:ae |uno:
=a: :.qn.|can ano o.ver:.|eo exper.ence acrc:: o.|eren a::e c|a::e: c| rea| e:ae v|.c| .nc|uoe: re:.oen.a|,
ccnnerc.a|, rena| y.e|o (pre |ea:eo, ano vare|cu:.nq
\a: .nvc|veo .n |uno ra.:.nq, :curc.nq ano c|c:.nq oea|: pan no.a ano na|.nq :ucce::|u| ex.: a very arac.ve :
/::cc.aeo v.| -en.n:u|a ano .n.eo a: C-C ano v.| =apaq |cyo a: .reccr, bu:.ne:: eve|cpnen
C|arereo /cccunan ano Cc: /cccunan by -rc|e::.cn
M S JAGAN
C + year: c| exper.ence .n |arqe-:ca|e rea| e:ae .nve:nen: ano execu.cn
x CC - /:cenoa: no.a (a Ccv c| S.nqapcre nerpr.:e, ano va: re:pcn:.b|e |cr :e.nq up |arqe -ar|:
e:pcn:.b|e |cr .np|enen.nq 1aCC acre nou:r.a| -ar| .n C|enna., |ncvn a: |a|.nora C.y
nvc|veo .n oeve|cpnen c| na[cr |arqe S ano a|:c na[cr -ar|:, cvn:|.p: ano |arqe Ccnocn.n.un:
\cr| .n a|| area: ranq.nq |rcn ec|n.ca| oe:.qn c |eqa| occunen: c |nanc.a| :rucur.nq |cr a|| prc[ec: .nc|uo.nq
commercial and low and high rise residential
|b/ |rcn | (/, ano b.. |rcn no.an n:.ue c| Sc.ence
9
CORE TEAM
UJWAL PAREKH
U[va| |a: c|c:e c 8 year: c| cvera|| exper.ence .n |nanc.a| :erv.ce: ano rea| e:ae .nou:ry
U[va| va: a::cc.aeo v.| |.|e:cne Cap.a| a: a par c| |e ea| :ae nve:nen ean v|ere |e va: re:pcn:.b|e |cr ea|
:curc.nq, ue o.|.qence, .nve:nen :rucur.nq, ccunena.cn, cvn:e||.nq nve:nen: a :ub:an.a| -ren.un ano
Managing Exits
U[va| va: a::cc.aeo v.| rn: c `cunq v|ere |e va: .nvc|veo .n aov.:.nq var.cu: c|:|cre ano cn:|cre -r.vae ou.y
-uno: .n Cap.a| Srucur.nq, Jur.:o.c.cn /na|y:.:, - requ|a.cn:
C|arereo /cccunan by -rc|e::.cn
RAHUL DESHPANDE
a|u| |a: 14 year: c| exper.ence .n ccn:ruc.cn, -rc[ec nanaqenen, ea| :ae
\cr|eo v.| |.|e:cne Cap.a| /ov.:cr: .n capac.y c| V.ce -re:.oen - nve:nen |anaqenen v|ere |e va: re:pcn:.b|e
|cr ec|n.ca| ue .|.qence, -rc[ec a::e::nen c |ea:.b.|.y, oea| :curc.nq, oea| c|c:ure ano ex..nq |e .nve:nen:
\cr|eo a: C| - -rc[ec: v.| -rczcne nerpr.:e:, ano va: par c| execu.cn ano ca| prc[ec nanaqenen c| cne c| |e
|arqe: ea.| |a|| .n |e ccunry a /uranqabao
C.v.| nq.neer |rcn Un.ver:.y c| |unba. ano -c: qraoua.cn .n /ovance Ccn:ruc.cn |anaqenen |rcn NC|/ -une
10
CORE TEAM
ANIL KEWALRAMANI
/n.| |a: a ca| vcr| exper.ence c| 8 year:, na[cr|y .n |e |nanc.a| :erv.ce: .nou:ry
\cr|eo v.| -|C ano -vC v|ere |e :pec.a|.zeo .n prcv.o.nq |uno :rucur.nq ano .nve:nen :rucur.nq aov.ce c
var.cu: pr.vae eou.y c|.en: enqaqeo .n rea| e:ae ano .n|ra:rucure
/n.| |a: .noepenoen|y aov.:eo cn var.cu: ccnp|ex :rucur.nq ran:ac.cn: :uc| a: Ccncepua|.z.nq ano .np|enen.nq
.nncva.ve .nve:nen :rucure: |cr ac|.ev.nq cpera.cna| |ex.b.|.y ano bu:.ne:: cb[ec.ve: .nvc|v.nq cn-:|cre ano
c|-:|cre requ|acry ano ax .np|.ca.cn:
C|arereo /cccunan, .p|cna .n Secur..e: av: ano |b/ |rcn |e no.an Sc|cc| c| bu:.ne::
SHRIRAJ BHUKHANWALA
S|r.ra[ |a: 9 year: c| exper.ence .n |nanc.a| :erv.ce: .nou:ry
\cr|eo .n |e -r.vae ou.y .nou:ry |cr |e |a: 4 year: v.| |.|e:cne ano |c.|a| C:va| -
=e|peo .n ra.:.nq .n exce:: c| : aCC crcre: a |.|e:cne Cap.a| cn |e ocne:.c :.oe
=e|peo .n ra.:.nq : CC crcre: |cr |c.|a| C:va| cn |e -r.vae ou.y :.oe
\cr|eo .n uba. v.| /bn /nrc -r.vae ban|.nq .n |e.r :u.ca:e ban|.nq o.v.:.cn.
Ccnp|eeo |b/ .n .nerna.cna| |nance |rcn Sra|cro nerna.cna| Un.ver:.y, cnocn, U
11
EXIT TRACK RECORD OF THE TEAM
12
EXIT TRACK RECORD
Asset Class Investment Location Exit Investment Exit IRR
Type Extent Date Date
Ccnnerc.a| ena| `.e|o |unba. -u|| ec CC8 /uq C1C a
e:.oen.a| |ezzan.ne CV anan Naqar, banqa|cre -u|| |ay C11 |ar C1 a
e:.oen.a| |ezzan.ne a|.na |unba. -ar.a| -eb C1C /uq C1C
e:.oen.a| ou.y C|enna. -ar.a| |ar CC8 /uq C1C
e:.oen.a| |ezzan.ne S|.va[. -ar|, |unba. -u|| Jun C1C Jun C1
e:.oen.a| |ezzan.ne a|.na |unba. -u|| Cc C1C Cc C1
e:.oen.a| |ezzan.ne Scoepur, c||aa -ar.a| /uq CC9 Ncv C1
\are|cu:e ou.y /|neoabao -u|| -eb CC8 /uq C1C 18
13
Exit Status Partial Exit
IRR 25% per annum
Jain Heights Bangalore - Philosophy at the time of Investment
Project Status Project approvals were expected shortly. Pre launch of Project
had taken place
Location Project was located in an upcoming area of Bangalore which had
a potential for capital appreciation
Developer Mid Size Developer in Bangalore known for good quality projects
Security Investment amount was collateralized with charge on
Development rights, Pledge of Shares, Personal Guarantee of
promoters and Corporate Guarantee
SELECT SUCCESSFUL DEAL EXITS - MEZZANINE
Exit Status Full Exit
IRR 23% per annum
Richa Shivaji Park - Philosophy at the time of Investment
Project Status Project was under construction with 3 oors constructed and all
approvals were in place. Partial Sales had taken place
Location Project was at premium location - Shivaji Park, Mumbai which has
good demand for residential units
Developer Developer had excellent track record in redevelopment of projects
Security Investment amount was collateralized with First Registered charge
on Project, Pledge of Shares, Personal Guarantee of promoters and
Corporate Guarantee
14
Exit Status Partial Exit
IRR 22% per annum
SELECT SUCCESSFUL DEAL EXITS - MEZZANINE
Godrej Kolkata - Philosophy at the time of Investment
Project Status Land was acquired and approvals were expected shortly. Land
was owned by the SPV in which 49% was held by the Fund
Location Project was located in an upcoming area of Kolkata which had a
potential for capital appreciation
Developer Developer is amongst the renowned Developer of the country
Security 49% Stake in the Company, Pledge of Shares, Personal Guarantee
of promoters and Corporate Guarantee
Exit Status Full Exit
IRR 22% per annum
Richa Kalina - Philosophy at the time of Investment
Project Status Project was redevelopment project and all the tenants had been
relocated, old building was demolished and construction for new
building was about to commence
Location Project was at an excellent location - Kalina, Mumbai which has
excellent connectivity and robust demand for residential apartments
Developer Developer had excellent track record in redevelopment of projects
Security Investment amount was collateralized with First Registered charge on
Project, Pledge of Shares, Personal Guarantee of promoters and
Corporate Guarantee
15
SELECT SUCCESSFUL DEAL EXITS EQUITY AND RENTAL YIELD
Exit Status Full Exit
IRR 23% per annum
Ramaniyam Stone Arc- Philosophy at the time of Investment
Project Status Project was a JDA with the land owner and hence no land cost was
to be incurred by the Developer.
All approvals were in place and construction had commenced.
Location Project was at an attractive location Thiruvanmiyur, in South of
Chennai which had good residential demand
Developer Renowned and very high repute Developer in Chennai. Had
successful track record of executing and delivering several
residential and commercial projects.
Exit Status Full Exit
IRR 25% per annum
Raheja Titanium - Philosophy at the time of Investment
Project Status Project was an A Grade Commercial Building on Western Express
and location Highway, Mumbai
Tenants AAA + Quality Tenants with 5 year lock in
Low Entry Signicantly low entry price with a huge potential for capital
and price appreciation
Yield Attractive year on year yield of 18% resulting in regular cashows to
the Investors
16
SNAPSHOT OF PAST STRATEGIC INVESTMENTS
17
BHIWANDI WAREHOUSE
PROJECT SNAPSHOT
\are|cu:e -rc[ec |ccaeo .n b|.vano. cn |e cu:|.r: c| |unba.
oC acre -|c
Jc.n Venure v.| no.an cq.:.c:
INVESTMENT RATIONALE
Srcnq |ar|e ana|y:.s at the time of investment which indicated manifold price
appreciation in near future
Srucureo a: an ou.y nve:nen v.| a |.q|er prc| :|ar.nq c reap |e bene|: c|
price escalation
oen.|ca.cn c| |e |cca| JV -arner (anocvner, v|c |ao oeep .n:.q|: c| |e
nuances of the local market
INVESTMENT SNAPSHOT
Asset Class \are|cu:e
Investment Type ou.y
Equity Stake aC
Prot Sharing oC
Amount Invested : 4 crcre:
Investment Structure nve:nen by vay c| ou.y S|are:
ano C-C a S-V eve|
Investment Tenure 4 year:
Current Expected Realizable : 8C crcre:
Value Vis a Vis Investment made
18
RICHA MULUND
PROJECT SNAPSHOT
|/=// reoeve|cpnen -rc[ec c be execueo [c.n|y v.| aa =cu:.nq by .c|a ea|cr:
Sraeq.ca||y |ccaeo cn |u|uno a:ern xpre:: =.q|vay
eve|cper c reoeve|cp |/=// :cc.ey .n |.eu c| |ree :a|e -S
INVESTMENT RATIONALE
/pprcva|: vere rece.veo |cr re|ab.|.a.cn bu.|o.nq
enan: vere re|ccaeo c ran:. Canp
-rc[ec va: c be en.re|y unoera|en by aa =cu:.nq
/: per |e ern:, |e revenue :|ar.nq beveen // ano .c|a ea|cr: .n |e ra.c c|
4o |rcn |e :a|e c| |e |ree :a|e ccnpcnen v|.c| re:u|eo .n :ub:an.a| ca:||cv
to Richa
INVESTMENT SNAPSHOT
Asset Class Residential
Investment Type |ezzan.ne
Amount Invested : aC Crcre:
Investment Structure nve:nen by vay c| C-C a a |xeo reurn c| .a
reurn v.| 1 Ccupcn
Investment Tenure year:
Security Escrow of Cashows, Pledge of Shares, Personal
Cuaranee
Current Status -ar.a| x. Unoera|en
19
HCC 247 PARK
PROJECT SNAPSHOT
/ Craoe bu.|o.nq |ccaeo cn bS |arq, |unba.
-rc[ec va: cvneo .n an S-V .n v|.c| o va: |e|o by =CC
ca| |ea:ab|e area c| 1.1 n.||.cn :o | v.| v.nq: ano 1CC car par|:
INVESTMENT RATIONALE
/ Craoe bu.|o.nq .n |e |ear c| |unba.
xce||en enan -rc||e re:u|.nq .n requ|ar ca:| |cv:
=.q| cn acccun c| arac.ve enry va|ua.cn
-rc[ec va: by =CC a very rencvneo ano / Craoe eve|cper
INVESTMENT SNAPSHOT
Asset Class Commercial
Investment Type ena| `.e|o
Enterprise Value : 8a Crcre:
Investment Structure nve:nen by vay c| ou.y :|are: ano C-C a S-V
eve| ano acou.:..cn c| 4 :a|e ano ba|ance by =CC
Investment Tenure year:
Rental Yield 11
Current Value vis a vis : 1,CCC Crcre:
Investment made
20
OVERALL FUND THEME AND FUND STRATEGY
21
THEME CHART
Overall Fund Theme Mezzanine Funding
Equity
Mezzanine
|e nve:.b|e Ccrpu: vcu|o be .nve:eo brcao|y a||ccaeo
a: unoer
- /|ea: C by vay c| |ezzan.ne -uno.nq
- Upc C by vay c| ou.y -uno.nq
|ezzan.ne -uno.nq vcu|o be pr.nar.|y |cr unoer construction
prc[ec: v|ere apprcva|: are by ano |arqe .n p|ace
ou.y -uno.nq vcu|o be u:eo |cr -rc[ec: |av.nq pcential for
capital value appreciation
|ezzan.ne -uno.nq .: |e |ybr.o |crn c| -uno.nq v|.c| |a:
|e c|aracer.:.c: c| bc| eb ano ou.y
|ezzan.ne -uno.nq enab|e: |xeo pre|erreo reurn :.n.|ar c
eb ano |a: ocvn:.oe prcec.cn by vay c| aoeouae
cc||aera||.za.cn v|.c| .nc|uoe: ncrqaqe c| -rc[ec:,
-|eoqe, :crcv ano Cuaranee:
|ezzan.ne -uno.nq a|:c prcv.oe: |cr par.c.pa.cn .n prc|: c|
|e -rc[ec by vay c| ou.y up:.oe |.c|er
ou.y -uno.nq vcu|o enab|e .n ac|.ev.nq :uper.cr reurn by
par.c.pa.nq .n prc|: c| |e -rc[ec:
n ou.y -uno.nq, |e r.q|: vcu|o be prceceo by vay c|
na[cr.y :a|e .n |e -rc[ec, bcaro Sea, Vc.nq -cver, Vec
.q|:, /mrna.ve .q|:, Ccn:en cn e:erveo |aer: ec
Equity Funding
22
Mezzanine Funding
Equity Funding
FUND STRATEGY
Security
Tenure
& Cashow
Projects
Structure
-rc[ec: v|.c| |ave pcen.a| |cr cap.a|
appreciation
nve:nen vcu|o be naoe by acou.r.nq
:a|e by vay c| ou.y/ -re|erence
S|are: par c| . c be bcuq| bac| a
xed return
nve:nen vcu|o be yp.ca||y |cr -4
years with interim cashow at regular
intervals
Investor would have conversion rights,
bcaro Sea, vc.nq r.q|:, amrna.ve
r.q|:, :ub:an.a| :a|e .n |e -rc[ec
company
Security
Tenure
& Cashow
-rc[ec: v|.c| are yp.ca||y unoer
ccn:ruc.cn cr abcu c ccnnence ano
apprcva|: are by ano |arqe .n p|ace
nve:nen vcu|o be naoe by vay c|
nezzan.ne par.c.pa.cn v|.c| vcu|o
carry a |xeo reurn c| 1- v.| an
eou.y up:.oe
nve:nen vcu|o be yp.ca||y |cr -
years with interim cashow at regular
intervals
nve:nen vcu|o be cc||aera|.:eo by
vay c| req.:ereo ncrqaqe c| prc[ec,
Pledge of Shares, Corporate and Personal
Cuaranee, :crcv c| ca:||cv:
Projects
Structure
23
FUND STRUCTURE AND TAXATION
24
FUND STRUCTURE
Investment Team
Investment Committee
Landmark Capital
Advisors Private
Limited
Landmark Return
Multiplier Fund
Adi Capital Services
Private Limited
IL&FS Trust
Company Limited
Investment
Management Services
Management Fees
Sponsor / Settlor
Trustees
Contributions Distributions
Investments
(Equity, Equity linked
Instruments / Partnership
Interests / Debt etc.)
Income (Dividends/ Share
of Prots/Interest/ Capital
Gains etc.)
Portfolio Entities
Investors
1 2 3 4 5 6
25
TAXATION*
|e -uno |a: been :e up a: a oeern.nae ru:
|e -uno vcu|o cp c be axeo a: per :ec.cn 1o1 c 1o4 c| |e nccne-ax /c. |e -uno :|a|| o.:c|arqe |e ax
|.ab.|.y cn |e :|are c| .nve:cr: .n |e .nccne c| |e -uno, cn be|a|| c| |e .nve:cr:, a |e apprcpr.ae ax rae:.
Sub:eouen o.:r.bu.cn c| :uc| .nccne cuq| nc c arac any |ur|er ax |.ab.|.y .n |e |ano: c| |e .nve:cr:
nere: .nccne ar.:.nq |rcn |e -rc[ec vcu|o be axeo a nax.nun narq.na| rae a |e -uno eve| .e .99
cnq ern Cap.a| Ca.n: vcu|o be axeo a .oo .n ca:e c| Un|.:eo Secur..e:
cnq ern Cap.a| Ca.n: vcu|o nc be axab|e .| |e :ecur..e: are |.:eo ano S |a: been pa.o
S|cr ern Cap.a| Ca.n: vcu|o be axeo a .99 .n ca:e c| Un|.:eo Secur..e:
S|cr ern Cap.a| Ca.n: vcu|o be axab|e a 1o.99a .| |e :ecur..e: are |.:eo ano S |a: been pa.o
Short Term
Capital Gains
Trust Structure
Interest Income
.v.oeno nccne (pc: o.v.oeno o.:r.bu.cn ax c| 1o.99a payab|e by -rc[ec Ccnpany, vcu|o nc be axab|e
Dividend Income
Long Term
Capital Gains
- ax rae: nen.cneo are app|.cab|e |cr /` C14-1a
26
INVESTMENT PROCESS
27
INVESTMENT PROCESS
Investment
Process
1
2
3
4
5
6
Proprietary deal ow
through network of
extensive relationships
Detailed Screening of the
deal and Presentation to
Investment Committee
Transaction Structuring
and Preparation and
Signing of the Term Sheet
Undertaking detailed
nancial, legal and
technical due diligence
Signing of Denitive
Agreements and
Closure of the Deal
Day to Day management
of the Project and
undertaking the exit
28
INVESTMENT PARAMETERS
Partner with A Grade Developers
-arner.nq v.| / Craoe eve|cper: v|c |ave prcven
rac| reccro ano exce||en execu.cn capab.|..es
eve|cper: v.| .n oep| nar|e exper.:e ano prc[ec
nanaqenen capab.|..e:
eve|cper: v|c are nc |.q||y |everaqeo
Primary Focus on Residential Segment
-r.nary -ccu: cn e:.oen.a| Seqnent
e:.oen.a| -rc[ec: are :e|| |.ou.oa.nq ano |ave
regular cashows
Identication of projects
-rc[ec: v|.c| are unoer ccn:ruc.cn ano are expeceo
c qe ccnp|eeo .n 1- year: .ne |rane
-rc[ec: v|ere apprcva|: are .n p|ace
-rc[ec: v|.c| |ave :|cr c neo.un ern |uno.nq
reou.renen
Focus on Top 4 Cities
-ccu: cn cp 4 c..e: v|.c| .nc|uoe: |unba., C|enna.,
Bangalore and Pune
.er ano .er c..e: vcu|o |arqe|y be avc.oeo un|e::
the opportunity is compelling
Investment
Strategy
29
RISKS MITIGATION AND PROTECTION RIGHTS
30
RISK AND MITIGATION
e|ay .n execu.cn
e|ay .n apprcva|:
eve|cper nc prcv.o.nq |e ex.
eve|cper / Ccnpany nc buy.nq bac|
|e S|are:/ ebenure:
|a|prac.ce: .n |e Ccnpany
|.:repre:ena.cn by |e -rcncer:
cv cn cvera|| Ccrpcrae Ccvernance
Se|ec.cn c| prc[ec v.| repueo eve|cper: v|c |ave exce||en
rac| reccro |cr execu.cn c| -rc[ec:
n |cu:e capab.|.y c ncn.cr ccn:ruc.cn ano nanaqenen cn
oay c oay ba:.:
oen.|ca.cn c| prc[ec: v|ere apprcva|: are by ano |arqe .n p|ace
nbeooeo r.q|: .n |e S|are: ano ebenure: by vay c| Ca||
cp.cn/ -u Cp.cn ccnpe||.nq |e eve|cper c prcv.oe x.
.q|: c ccnver ebenure:/ S|are: .nc |a[cr.y ou.y :c |a
|e -uno ccnrc|: |e en.re -rc[ec Ccnpany
.q| c appc.n /uo.cr cn |e Ccnpany
.q| c appc.n .reccr cn |e Ccnpany
/mrna.ve / Vec ano vc.nq r.q|: cn cr..ca| naer: c|
the Company
.q| c ca|| |cr ncn||y .n|crna.cn / ouarer|y repcr: / |S
Risk Type Risks Mitigation
Execution Risks
Exit Risks
Corporate
Governance
31
TYPICAL PROTECTION RIGHTS
Board Seat /
Afrmative Right
Escrow
Account
Registered
Mortgage
Share
Pledge
/|| nezzan.ne .nve:nen: vcu|o be cc||aera|.zeo v.| req.:ereo ncrqaqe c| |e -rc[ec
eve|cper: vcu|o neeo pr.cr vr.en pern.::.cn |rcn |e -uno |cr :a|e c| any Un.:/ /parnen:
-rcncer: S|are: vcu|o be -|eoqeo v.| |e -uno ano S|are -|eoqe vcu|o be re|ea:eo cn|y a|er |e aqreeo
|a: been pa.o bac| c |e -uno a|cnqv.| |e cap.a|
|e ca:||cv: |rcn |e -rc[ec vcu|o be oepc:.eo .n |e :crcv /cccun v|.c| vcu|o be cperaeo by |e
:crcv /qen cn |e .n:ruc.cn: c| |e nve:cr ano vcu|o |e|p .n ncn.cr.nq |e ca:||cv: requ|ar|y
|e -uno vcu|o |ave a r.q| c appc.n o.reccr: cn |e bcaro c| |e -rc[ec Ccnpan.e:
|e -uno vcu|o a|:c |ave amrna.ve r.q|: cn cr..ca| oec.:.cn: pera.n.nq c |e -rc[ec ano |e Ccnpany
Ccrpcrae Cuaranee |rcn |e -|aq:|.p Ccnpany ano -er:cna| Cuaranee |rcn -rcncer: v|.c| ccu|o be
invoked in case of default
Guarantee
32
OUR PARTNERS
33
OUR PARTNERS
Valuation - Knight Frank India Pvt. Ltd.
Statutory Auditor - Ernst & Young India Pvt. Ltd.
Legal Advisors - M/s. Rajani & Associates
Trustees - IL&FS Trust Company Ltd.
Tax Consultants - KPMG India Pvt. Ltd.
Registrar & Transfer Agent - Computer Age Management Services
34
www.landmarkcapital.in
Landmark Capital Advisors Pvt. Ltd.
322, Solitaire Corporate Park
151 M.V. Road, Andheri (East)
Mumbai 400 093

Tel: +91 22 61275599
email: info@landmarkcapital.in
Fund Raising & Investor Relations
Shriraj Bhukhanwala
Associate Director - Resource Mobilisation &
Investor Relations
Mobile: +91 98190 32132
email: shriraj@landmarkcapital.in
Ujwal Parekh
Principal - Investments
Mobile: +91 98333 00286
email: ujwal@landmarkcapital.in
Anchal Mundkur
AVP - Investor Relations
Mobile: +91 96659 05434
email: anchal@landmarkcapital.in