Private Equity

Fund News

Integrow to raise Rs.1,000-Cr for realty fund

Mint  

Integrow Asset Management Pvt Ltd is raising INR 1,000 crore for its first real estate fund from domestic investors and will focus on last-mile project funding. Integrow Special Opportunities Fund has been set up as an alternative investment fund (AIF Category II) and got Sebi approval last week. The fund plans to raise INR 500 crore along with a greenshoe option of raising an additional INR 500 crore over the next 6-8 months. It will raise the capital mainly from HNIs and single-family offices. Serial entrepreneur Ashish Deora, the founder and CEO of real estate firm Aurum Ventures, is an anchor investor in the fund. The fund will offer structured capital and invest 70-80% in residential projects, where working capital needs are high