It's raining funds in logistics

About half a dozen fund managers have raised over Rs 12,500 crore for the new funds in logistics

Call it a goods and services (GST) impact or growing e-commerce segment, it is raining private equity (PE) funds in logistics and warehousing space. 

About half a dozen fund managers and developers have raised or in the process of raising over Rs 12,500 crore for the new funds and ventures in logistics and warehousing space.

On Tuesday, IndoSpace, promoted by PE firm Everstone and US-based Realterm, said it has launched a $550 million third fund, IndoSpace III. IndoSpace said it has received about $300-million commitments for this new fund in the first round close and is expected to make the final close