Venture Intelligence (TSJ Media Pvt. Ltd.)
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Integrow AMC looks to raise Rs.1,500-Cr for office realty fund
Real estate-focused alternative asset management firm Integrow Asset Management plans to raise over INR 1,500 crore through a commercial real estate fund. The category II alternative investment fund (AIF) will be investing in pre-leased and income-producing assets across Mumbai, Pune, Hyderabad, Bengaluru, Chennai, and Delhi-National Capital Region. The fund is expected to allow Integrow to build an investment portfolio worth over INR 4,000 crore including the leverage potential. It aims to raise the corpus by the end of this year. The new commercial property fund will be led by Ashish Mundada, who was recently hired by the company. His over 20 years' experience includes a significant stint at global investment major BlackRock's New York office as director and co-founder of the private debt (infrastructure) platform.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.