Proposed Operating Structure

Sales & leaseback of high yield & high-quality education real estate and Infrastructure

Strong Emerging Market Economic Attributes

01. Demand greater than supply
There is large and growing demand for high-quality K-12 education. Growing disposable income and high aspirational values of quality education has resulted in increase in demand from Indian middle and upper-middle classfor mid-market (€760 –€2500) private education.
India has the largest number of schools (over 1.5 million) and school-goers(over 260 million):
  • 26.6% (male 194 million and female 174 million) is in the age group of 0-14 years
  • 17.9% (male 131 million and female 117 million) is in the age group of 15-24 (Source: British Council report- The changing school system in India, 2019)
Gross enrolment ratio in Secondary school segment was approximately 79.3% (2017) and the same was around 51.3% (2017) for Higher secondary schoolsegment There is an additional requirement of 200,000 schools. (Source: IBEF report: Education and Training Oct’19)
02. Fee increase higher than inflation
03. Long-term revenue visibility
04. Barrier to entry high
05. Access to negative working capital

Indian Education System: Structure

K-12 Segment

Capitalizer Edu-Infra Fund



Fund Size : USD 100 Mn

Target Yield (Capital + Interest/Dividend): 13%-17%

Cash Yield: 7%-9%

Capital Appreciation: 6%-8%

Ticket Size - $20M – $50M