HDFC courts sovereign funds for fourth property vehicle
HDFC Realty, the private equity arm of India’s Housing and Development Finance Corporation, is in talks with Government of Singapore Investment Corp. (GIC), Temasek Holdings, Abu Dhabi Investment Authority (ADIA) and Kuwait Investment Authority (KIA) over potential LP commitments to its latest offshore fund.
HDFC Venture Capital is looking to raise $400-600 million for what will be its fourth vehicle and will formally begin marketing by the end of November, The Business Standard reported. Media coverage in...
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