Venture Intelligence (TSJ Media Pvt. Ltd.)
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HDFC Cap announces $1.88 B initial close in affordable housing fund
HDFC Capital has announced the initial close of its third fund - HDFC Capital Affordable Real Estate Fund-3 (H-CARE-3). The sponsor and primary investor Abu Dhabi Investment Authority (ADIA) has committed USD 1.22 billion. Combined with potential reinvestments, the total corpus rises to an estimated USD 1.88 billion. H-CARE-3 combines HDFC Capital's Affordable Real Estate Funds – 1 & 2, raised in 2016 and 2017 respectively, to create a USD 3 billion funding platform. The fund focuses on providing long-term, flexible debt across the lifecycle of real estate projects (including land, approval and last mile funding) for affordable and mid-income housing across India.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.