Singapore's GIC in talks to invest over $100 million in ESR's fund

ESR partnered Allianz Real Estate for a $225-million joint venture that aimed to become a $-billion asset platform

Singaporean sovereign fund GIC is in the final round of talks with ESR, a logistics investor backed by Warburg Pincus, to invest in the latter’s second India-focused logistics fund. 

Though the exact investment is not known, GIC plans to put over $100 million (Rs 750 crore) in the fund, which has a targeted corpus of around $300 million (Rs 2,250 crore), said people in the know. 

When contacted, an ESR spokesperson said: “We’re not able to discuss questions further at this moment.” A mail sent to GIC did not elicit any response.

In the first platform, ESR partnered Allianz Real Estate for a