JLL reaches final close on maiden India property fund
Segregated Funds Group (SFG), the private equity unit of Jones Lang LaSalle (JLL), has reached a INR1.6 billion ($27 million) final close on its maiden Indian real estate fund - short of its original INR3 billion target.
Launched in October 2012, the so-called Residential Opportunities Fund - I (ROF - I) is a six-year, close-ended private equity fund which will target returns of around 25%, according to a release. It...
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