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Godrej Fund in talks with global investors to raise new corpus of $500 mn

The fund would invest $50 million to $150 million each and focus on Mumbai, National Capital Region, Pune and Bangalore markets

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Dutch Pension Fund APG and Allianz Real Estate have invested in previous funds of GFM.

Raghavendra Kamath Mumbai
Godrej Fund Management (GFM) the private equity arm of Godrej group, is in talks with global investors to raise a PE fund to invest in office properties, said a senior executive in the firm. The fund size would be around $500 million (Rs 3650 crore).

“We are going to have a second fund and we are in talks with global bluechip investors for the same,” said Karan Bolaria, managing director, Godrej Fund Management.

The fund would invest $50 million to $150 million each and focus on Mumbai, National Capital Region, Pune, and Bangalore markets, he said.

Dutch Pension Fund APG

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First Published: Sep 20 2020 | 12:41 PM IST

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