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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

2 sovereign wealth funds to invest directly with realty developers

Posted on 30 October 2012

APG Asset Management, one of the world’s largest pension asset man agers, and at least two sovereign wealth funds — Abu Dhabi Investment Authority and The Government of Sin gapore Investment Corp— will invest directly in the Indian real estate market moving away from their earlier strategy of routing investments through PE funds.
The move to directly invest comes at time when nearly half the real estate funds in India have been unable to offer attractive returns as India’s once soaring real estate sector is crippled by increasing debt and plunging sales. In the last five years realty funds have delivered exits worth $4 billion (Rs 21,000 crore), compared with $17 billion of foreign direct investment raised for the sec tor, according to industry estimates………………………………………..Full Article: Source


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