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July 20, 2008

Red Fort plans $600-m infrastructure fund

Moumita Bakshi Chatterjee

New Delhi, July 19 After infusing money into real estate projects, Red Fort Capital Advisors is now planning a new infrastructure fund with corpus in excess of $600 million by 2008-end.

Red Fort Capital - which manages three active funds under its aegis including an offshore and a domestic fund for Indian real estate market, as well as a hedge fund for listed Indian entities - is already in talks with some of its existing investors for floating the new fund, which would invest in infrastructure projects in the country. It may also rope in new investors to the proposed fund.

Full Story...

Posted by boyang at July 20, 2008 12:02 PM