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

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