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ICICI Venture whittles target, to launch $208 million realty fund

Posted on 15 July 2009

From Livemint.com: With at least four top executives leaving the company, ICICI Venture Funds Management Co. Ltd is launching a smaller, Rs1,000 crore ($208 million) realty fund, according to two people close to the development.
The plan for the scaled-down property fund comes at a time when the private equity (PE) firm is facing hurdles in raising commitments from investors for some of the initiatives it had announced earlier, which included a $1-1.5 billion (Rs4,880-7,320 crore) real estate fund…….Full Article: Source


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