LIC holds a first close of real estate fund at $47m
LIC Housing Finance, the mortgage unit of India's biggest insurer, has reached a first close of its maiden real estate private equity fund at INR2.5 billion ($46.5 million).
Launched late last year, the fund has a target size of INR5 billion and is managed by LIC Housing Finance Asset Management. Institutional investors including banks and corporates have participated in...
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