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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

GIC lends helping hand to Indian developers

Posted on 28 March 2013

The Government of Singapore Investment Corporation (GIC) has partnered with Kohlberg Kravis Roberts, a leading global investment firm, to establish a non-banking financial company (NBFC) to lend funds to Indian developers.
The real estate-focused NBFC will be the first of its kind in India and initially will have a corpus of US$150 million (S$186.19 million), reported news portal Livemint.GIC will be one of the anchor investors in the NBFC with KRR “putting capital from its balance sheet into it”, sources said………………………………………..Full Article: Source


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