Landmark Capital - Fund Brochure

Landmark Return Multiplier FundReal Estate Fund with Superior Risk Adjusted Returns

CONTENTS

Fund Overview and Key Fund Terms

Landmark Capital Overview

Board of Directors, Team Profile 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

significantly

diversification of the Portfolio and derisking

Management professionals

Investment Advisors

Capitalizing on the current market scenario

Fund Overview

Investment Focus and Strategy

Investment Theme

2

KEY FUND TERMS

Key Terms Particulars

Fund Size

Fund Life

Minimum Commitment

Drawdown

Commitment period

Hurdle Rate

Targeted Gross IRR*

Carried Interest

Management Fee ommitted amount

d amount

Distributions

Capital repayment to start from second year onwards

Sponsor Commitmen

3

LANDMARK CAPITAL OVERVIEW

4

LANDMARK CAPITAL OVERVIEW

investment oppurtunities

to ensure protection of investment

along with upside

investment experience

Team

About Landmark Capital

Philosophy

Strategy

5

BOARD OF DIRECTORS

6

BOARD OF DIRECTORS

Mr Raj Narayan Bharadwaj

rious career sp

in Economics form Delhi School of Economics and BE from Institute of Engineers

Mr Milind Korde

a Managing

Company Secretary

Mr D.P. Roy

ience

Institute of Bankers

Mr Ashish Joshi

7

CORE TEAM PROFILE

8

CORE TEAM

ASHISH JOSHI

M S JAGAN

commercial and low and high rise residential

9

CORE TEAM

UJWAL PAREKH

Managing Exits

RAHUL DESHPANDE

10

CORE TEAM

ANIL KEWALRAMANI

SHRIRAJ BHUKHANWALA

11

EXIT TRACK RECORD OF THE TEAM

12

EXIT TRACK RECORD

Asset Class Investment Location Exit Investment Exit IRR Type Extent Date Date

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 floors 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 Significantly low entry price with a huge potential for capitaland price appreciation

Yield Attractive year on year yield of 18% resulting in regular cashflows to the Investors

16

SNAPSHOT OF PAST STRATEGIC INVESTMENTS

17

BHIWANDI WAREHOUSE

PROJECT SNAPSHOT

INVESTMENT RATIONALEs at the time of investment which indicated manifold price

appreciation in near future

price escalation

nuances of the local market

INVESTMENT SNAPSHOTAsset Class

Investment Type

Equity Stake

Profit Sharing

Amount Invested

Investment Structure

Investment Tenure

Current Expected Realizable Value Vis a Vis Investment made

18

RICHA MULUND

PROJECT SNAPSHOT

INVESTMENT RATIONALE

to Richa

INVESTMENT SNAPSHOTAsset Class Residential

Investment Type

Amount Invested

Investment Structure

Investment Tenure

Security Escrow of Cashflows, Pledge of Shares, Personal

Current Status

19

HCC 247 PARK

PROJECT SNAPSHOT

INVESTMENT RATIONALE

INVESTMENT SNAPSHOTAsset Class Commercial

Investment Type

Enterprise Value

Investment Structure

Investment Tenure

Rental Yield

Current Value vis a vis Investment made

20

OVERALL FUND THEME AND FUND STRATEGY

21

THEME CHART

Overall Fund Theme Mezzanine Funding

Equity

Mezzanine

er construction

ential for

capital value appreciation

Equity Funding

22

Mezzanine Funding Equity Funding

FUND STRATEGY

Security

Tenure& Cashflow

Projects

Structure

appreciation

fixed return

years with interim cashflow at regular intervals

Investor would have conversion rights,

company

Security

Tenure& Cashflow years with interim cashflow at regular

intervals

Pledge of Shares, Corporate and Personal

Projects

Structure

23

FUND STRUCTURE AND TAXATION

24

FUND STRUCTURE

Investment Team

Investment Committee

Landmark CapitalAdvisors Private Limited

Landmark ReturnMultiplier Fund

Adi Capital Services Private Limited

IL&FS Trust Company Limited

InvestmentManagement Services

Management Fees

Sponsor / Settlor

Trustees

Contributions Distributions

Investments (Equity, Equity linked

Instruments / Partnership Interests / Debt etc.)

Income (Dividends/ Share of Profits/Interest/ Capital Gains etc.)

Portfolio Entities

Investors

1 2 3 4 5 6

25

TAXATION*

Short Term Capital Gains

Trust Structure

Interest Income

Dividend Income

Long TermCapital Gains

26

INVESTMENT PROCESS

27

INVESTMENT PROCESS

InvestmentProcess

1

2

3

4

5

6

Proprietary deal flow 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 financial, legal and

technical due diligence

Signing of Definitive 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

es

Primary Focus on Residential Segment

t

regular cashflows

Identification of projects

Focus on Top 4 Cities

Bangalore and Pune

the opportunity is compelling

InvestmentStrategy

29

RISKS MITIGATION AND PROTECTION RIGHTS

30

RISK AND MITIGATION

the Company

Risk Type Risks Mitigation

Execution Risks

Exit Risks

CorporateGovernance

31

TYPICAL PROTECTION RIGHTS

Board Seat /Affirmative Right

EscrowAccount

RegisteredMortgage

SharePledge

invoked in case of defaultGuarantee

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 Park151 M.V. Road, Andheri (East)Mumbai 400 093 Tel: +91 22 61275599email: info@landmarkcapital.in

Fund Raising & Investor Relations

Shriraj BhukhanwalaAssociate Director - Resource Mobilisation & Investor Relations

Mobile: +91 98190 32132email: shriraj@landmarkcapital.in

Ujwal ParekhPrincipal - Investments

Mobile: +91 98333 00286email: ujwal@landmarkcapital.in

Anchal MundkurAVP - Investor RelationsMobile: +91 96659 05434email: anchal@landmarkcapital.in