Bengaluru, Aug. 26 -- Stoicap Ventures plans to raise a Rs.750 crore fund to acquire rent-generating K-12 schools and student-housing assets amid rapid growth in India's private educational institutions.

The Stoicap-NDR Edu-Infra Rental Yield Fund (EDIYF) will have a base corpus of Rs.500 crore and a Rs.250 crore green-shoe option. Chennai-based warehousing and logistics company NDR Group is the co-sponsor and anchor investor in the fund.

This is Stoicap's maiden fund, which is a Category-1 Alternative Investment Fund (AIF), with an investment profile similar to an InvIT or infrastructure investment trust that owns assets and earns rental income. The fund got the mandatory approval from markets regulator Securities and Exchange Board of...