Private Equity

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Welspun One raises Rs.500-Cr in first close of Rs.2,000-Cr second warehousing fund

Economic Times  

Welspun One Logistics Parks (WOLP), an integrated fund and development management platform focused on warehousing and industrial real estate, has raised over INR 500 crore in the initial close of its second Alternative Investment Fund (AIF), WOLP Fund 2, from domestic high net-worth and family office investors. It aims to raise a total corpus of INR 2,000 crore, including a green shoe option of INR 1,000 crore. WOLP Fund 2 has a pan-India development plan targeting total development of around 10-12 million sq ft across tier I and tier II cities and in-city projects in Mumbai, Delhi, and Bangalore. This second fund is the successor of the WOLP Fund 1, an AIF for domestic investors, which was raised in 2021. WOLP Fund 1 had raised INR 500 crore from high net-worth investors and family offices.