20.12.2011 - India: Real estate PE funds find it tough to raise funds
Real estate-focused private equity (PE) funds, which have seen falling returns in last three years, are now finding it hard to raise liquidity for the new funds in the sector. So you have a $500-million infrastructure and realty-focused fund from a well-known private bank that is unable to raise the amount for more than eight months. "Investors have got cautious," a former head of the fund told HT. "Earlier, PE players would go to investors and pitch the India growth story, and there you were, raising liquidity," said Avinash Gupta, head, financial advisory, Deloitte India...............................................Full Article: Source
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