LICHFL AMC

Name

LICHFL AMC

Legal name

LICHFL Asset Management Company Limited

Website

https://lichflamc.com

Company type

Private

Founded year

2008

Operating status

Operating

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282), Investors, Nec (6799)

akta.pro primary industry

Real Assets — Real Asset Fund Platforms / Multi-Asset Real Assets (Diversified Real Assets Funds) (FSAHAIAM)

akta.pro secondary industries

Impact Investment & Development Investment Funds (BPADACAO), Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

Keywords

• Alternative investment funds
• Real estate debt
• Private equity management
• Housing infrastructure investing
• Asset management services

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Fund Management Fees: LICHFL AMC generates revenue through management fees and performance-based hurdle rates charged on fund assets under management. For LRDOF: 10% hurdle rate for INR investors, 8% for USD investors. For LREOF: 8% hurdle rate for USD investors with target IRR of ~20%+.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

LICHFL AMC manages SEBI-registered Alternative Investment Funds and an IFSCA-registered international fund, deploying institutional capital into India's housing, infrastructure, and real-estate debt sectors. The firm runs four flagship funds (LUDF, LHIF, LRDOF, LREOF) and offers structured credit and investment strategy services to institutional and high-net-worth investors. Its offerings target financial institutions, sovereign funds, banks, insurance companies, corporate institutions, family offices, and HNIs seeking exposure to India's growth story through disciplined alternative investments.

Product overview

LICHFL AMC operates as a multi-fund alternative investment platform under the LIC Group, offering four distinct investment funds and complementary services. The platform comprises: (1) LICHFL Urban Development Fund (LUDF) - a maiden equity fund focused on mid-income housing and infrastructure; (2) LICHFL Housing & Infrastructure Fund (LHIF) - a diversified infrastructure-focused fund; (3) LICHFL Real Estate Debt Opportunities Fund (LRDOF) - a structured debt fund targeting affordable housing; and (4) LICHFL Real Estate Overseas Fund (LREOF) - a GIFT City-based global sustainable housing fund. The platform is complemented by real estate credit services and investment strategy advisory services, providing end-to-end investment solutions across the housing and infrastructure ecosystem.

Differentiator

Problem solved

Functional benefit

Products and services

• LICHFL Urban Development Fund (LUDF) - Fund 1 Maiden alternative investment fund of LICHFL AMC focused on mid-income housing and urban infrastructure assets. Invests across major Indian cities in affordable and mid-income housing projects. Closed at INR 5.29 billion.
• LICHFL Housing & Infrastructure Fund (LHIF) - Fund 2 SEBI-registered Category I AIF (Infrastructure Fund) targeting priority sectors including housing, healthcare, education, and industrial infrastructure. Achieved final close at INR 7.65 billion in March 2021.
• LICHFL Real Estate Debt Opportunities Fund (LRDOF) - Fund 3 SEBI-registered Category II AIF and ESG-focused debt impact fund providing structured debt investments in affordable housing and SME-led mid-income housing projects. Target corpus INR 3,000 crore (USD 375 million).
• LICHFL Real Estate Overseas Fund (LREOF) - Gift City Fund IFSCA-registered international fund focused on global sustainable housing investments, structured as an integrated sustainable impact housing fund. Proposed corpus USD 350 million, target IRR ~20%+.
• Real Estate Credit Services Structured credit solutions supporting residential and infrastructure-led real estate development across India, providing capital at critical stages including land acquisition, project approvals, construction, and last-mile funding.
• Investment Strategy Services Risk-aware structured investment strategies across India's priority growth sectors with focus on downside protection and sustainable returns, covering the entire investment lifecycle from origination to exits.
• Housing & Infrastructure Investment Services Investment platform focused on enabling sustainable development across housing and infrastructure sectors, targeting affordable housing, healthcare infrastructure, education assets, and industrial parks.

Quantifiable outcome

• INR 5.29 billion raised in maiden fund with successful final close
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core.

• LICHFL Trustee Company Private LimitedcoreOthersWholly owned subsidiary of LIC Housing Finance Limited acting as trustee to designated funds, ensuring fiduciary oversight, governance discipline, and regulatory compliance.
• International Financial Services Centres Authority (IFSCA)coreOthersLICHFL AMC registered as Fund Management Entity (Non-Retail) under IFSCA Fund Management Regulations, 2022 for GIFT City international operations.
• Securities and Exchange Board of India (SEBI)coreOthersLRDOF registered as Category II Alternative Investment Fund; LHIF registered as Category I AIF (Infrastructure Fund) under AIF Regulations, 2012.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• ICICI Prudential Asset Management (Alternatives): One of India's largest asset managers with a growing AIF/private equity platform. Broader incumbent with diversified product (mutual funds, PMS, AIFs), but its alternatives business directly competes with LICHFL AMC for institutional LP capital in real estate and infrastructure.
• Kotak Investment Advisors (Alternatives): Kotak Mahindra Group's alternatives platform running real estate and infrastructure AIFs among other strategies. Larger incumbent with diversified alternative strategies but directly comparable in real estate AIF product set and institutional LP base.
• SBICAP Ventures (SBI Alternative Investment Fund): Alternatives arm of the State Bank of India group managing infrastructure and social impact funds. Comparable structure as a public-sector-affiliated AIF platform with institutional LP focus and infrastructure/housing exposure.

Direct peers

• Piramal Fund Management (Piramal Alternatives): Large Indian alternative investment platform with significant real estate debt and equity AIF offerings targeting institutional LPs. Comparable in product breadth, ticket size, and institutional positioning.
• IIFL Real Estate Fund: IIFL Group's real estate-focused alternative investment platform running multiple real estate debt and equity AIFs in India. Comparable in product mix, developer-led investment focus, and institutional LP targeting.
• Nippon Life India AIF Management (Nippon India Alternative Investment Fund): One of India's largest AIF managers focused on real estate and private equity, where LICHFL AMC's CIO Ujwal Parekh previously served as National Lead for ~10 years. Directly comparable in product (Category I/II AIFs), LP base (institutional), and real estate focus.
• Motilal Oswal Real Estate (MOAlts): Real estate-focused AIF platform of the Motilal Oswal Group, running multiple Category II AIFs targeting Indian residential and commercial real estate. Directly comparable product structure and institutional LP base.
• Milestone Capital Advisors: Indian real estate private equity fund manager where LICHFL AMC's CIO previously worked. Direct peer in real estate AIF space with comparable ticket sizes, fund structures, and developer-led investment thesis in Indian residential/commercial real estate.
• ASK Property Investment Advisors: Real estate-focused alternative investment fund manager in India running multiple real estate funds targeting mid-income and affordable housing. Closely comparable to LICHFL AMC in strategy, ticket size, and institutional LP targeting.
• HDFC Capital Advisors: Real estate private equity arm of HDFC Group, one of the largest Indian real estate PE platforms with affordable housing focus. Strongly comparable in developer-financing model, institutional LP base, and sector specialisation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lichfl-asset-management-company-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LICHFL AMC