| From business-standard.com: Walton Street Capital India, the Indian arm of the US-based private equity (PE) real estate investment company, Walton Street Capital, is in the process of raising a country-specific, realty-focused India fund. The fund, whose corpus is expected to be close to $1 billion, is likely to close by March next year, with the first closure expected within the next couple of months.The global PE fund is raising an India-specific, real estate fund for the first time. Walton Street, which had earlier raised a $2.5-billion global fund, had invested a significant part of it in India. Walton Street has investing in the US, Mexico, the EU and India. It has real estate assets worth $14 billion across the globe.
The PE major is rethinking its investment strategy. “The slowdown you see today or the crash in the real estate prices you hear of so often today is happening only at the micro level,” said Amber Malhotra, executive director, Walton Street Capital India.Walton Street entered India about a year-and-a-half ago with investments in Shriram Properties. It will now look at investing in the affordable housing segment. The Indian real estate market is still positive, believes Walton Street..... Full Article: Source
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