Company Description
Orion Realty Fund is seeking a founding-calibre Fund Manager / CIO to lead investment strategy and execution for its Rs. 2,000 Crore Category II AIF focused on real estate land acquisition and residential development JV structures in the North India, as per PPM guidelines. While structured as a hire, this individual will operate with co-founder level accountability - full investment decision authority, and a significant allocation from the team carry pool.
This is a rare opportunity to join a fast growing real assets platform, at the crux of the industry being reshaped. The CIO will be the fund's primary investment face and will be listed as Fund Manager and KMP with SEBI.
KEY RESPONSIBILITIES - INVESTMENTS
- Execute and own Orion's investment thesis - land acquisition, and JV structures with listed national developers across emerging NCR micro markets and adjacent corridors (Yamuna Expressway, YEIDA zones, UP, Haryana)
- Lead end-to-end deal execution: origination, site assessment, due diligence (legal, regulatory, title), negotiations and acquisition, deal structuring (JDA/JVA), secured exits; and Investment Committee approval
- Oversee portfolio construction targeting 24%+ gross IRR; manage concentration, liquidity, and exit risk across the fund's 8+2 year tenure
- Supervise and develop Investment Analysts; build structured deal pipeline management and due diligence processes
- Lead post-investment monitoring: construction milestones, sales velocity, JV partner performance, and exit execution across the portfolio. Coordinate with the CFO for waterfall distribution, investor reporting and other fund operations.
KEY RESPONSIBILITIES - FUND MANAGEMENT
- Serve as designated Fund Manager and Key Managerial Person (KMP) listed with SEBI under AIF Regulations
- Align the portfolio and the organisation growth alongside the B.O.D.s stated objectives. Communicate with the Investment Committee - prepare investment memos, drive conviction, and own final investment decisions.
- Maintain fund operations alongside with the Private Placement Memorandum (PPM), investment policy, and all material amendments in coordination with the Compliance Officer and external counsel.
- Represent Orion Realty Fund in all LP meetings, first-close roadshows, and co-investment discussions - jointly with the IR Head.
- Ensure full compliance with SEBI AIF Regulations 2012 (as amended), RERA requirements, and applicable FEMA obligations.
- Co-sign quarterly SEBI reports and annual fund audits; work with the CFO on NAV, carry accrual, and LP reporting.
KEY RESPONSIBILITIES - PLATFORM GROWTH
- Work collaboratively with the team to identify JV pipeline; and future funds pipeline.
- Contribute to the longer-term Orion AMC roadmap: the platform envisions a four-fund structure as AUM scales.
- Support the fund's brand positioning around India's real estate opportunity - contribute to thought leadership and LP education materials
- Participate and lead in hiring decisions for the investment team over the fund's lifecycle
KEY REQUIREMENTS & EXPERIENCE
- MBA (Finance / Real Estate) from a Tier-1 institution; CA or CFA is an advantage
- 12-18 years of total experience; minimum 6-8 years in a senior investment role at a real estate developer, fund, PE firm, or structured finance platform
- Proven track record in Indian real estate investment - specifically land acquisition, residential development, or structured JV transactions in North India
- Deep familiarity with NCR real estate market: regulatory bodies (DDA, YEIDA, MVDA, RERA), land regulatory processes, and development-specific regulators (DTCP, RERA, etc).
- Prior experience as a KMP or Fund Manager at a SEBI-registered AIF is strongly preferred; exceptional candidates without prior KMP status considered
- Demonstrated ability to generate proprietary deal flow and build developer and landowner relationships in competitive markets
- Comfort with aligning deployment alongside the AIF structures.
COMPENTENCIES
- Entrepreneurial and ownership-oriented - comfortable operating in a lean, pre-track-record environment with co-founder level accountability
- Deep conviction thinker with strong analytical rigour; able to defend and constructively challenge investment theses
- Credible external face - commands respect with LPs, co-investors, landowners, and developer partners equally
- High integrity with SEBI regulatory obligations; zero tolerance for compliance shortcuts in a regulated AIF environment
- Strategic thought partner to the founding team - brings perspective beyond deal execution to platform building
- Strong written and verbal communication for investment memos, LP presentations, and PPM-quality documentation
Role Description
This is a full-time on-site role for a Fund Manager based in New Delhi. The Fund Manager will oversee investment strategies, manage fund portfolios, and analyze market trends to optimize returns. Key responsibilities include conducting due diligence, assessing investment opportunities, managing financial models, and ensuring regulatory compliance. The role also requires coordination with stakeholders, monitoring fund performance, reporting, and identifying growth strategies to maximize value creation.
Qualifications
- Strong Analytical Skills to assess market trends, financial data, and investment opportunities
- Expertise in Investments and Investment Management to oversee diverse portfolios and optimize performance
- Knowledge of Finance and Equities for decision-making and evaluating financial strategies
- Proficiency in financial modeling and familiarity with regulatory requirements
- Excellent communication, presentation, and interpersonal skills
- Proven track record in fund or asset management
- Bachelor's degree in Finance, Economics, Business, or a related field; MBA or CFA certification is a strong advantage
- Experience in real estate investments and knowledge of India's housing market is a plus.
