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Bajaj Alts hits first close of maiden real estate fund at ₹950 crore
Bajaj Alts hits first close of maiden real estate fund at ₹950 crore
Via mint
·Excerpt
Bajaj Alternate Investment Management Ltd (Bajaj Alts), the alternative investment arm of Bajaj Finserv Ltd, has raised about ₹950 crore in the first close of its maiden real estate fund, which targets ₹2,000 crore, including a green shoe option.
The fund, Bajaj Alts Real Estate – Growth Fund I, has secured commitments from family offices, institutional investors and high-net-worth individuals, the company said in a statement.
INVESTMENT
The fund will invest in commercial office development through equity joint ventures with…
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