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CDC, Kotak Realty in talks for affordable housing fund

CDC Group's portfolio of investments, valued at £4.8 billion, comprises 1,245 investee businesses

Raghavendra Kamath  |  Mumbai 

CDC Group, an investment entity owned by the British government, is in talks with Kotak Realty Fund to float a fund for investing in affordable housing projects, said a source in the know. The fund would have a corpus of around $100 million (Rs 650 crore), in the form of a managed account, said the source.

In such an account, a single Limited Partner commits money to a fund manager and the latter invests on behalf of the former. As opposed to a ‘blind pool’, where the fund manager raises money from different investors and has the discretion to invest wherever it ...

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First Published: Mon, November 27 2017. 00:41 IST
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