Shapoorji Unveils $500M PE Fund

Shapoorji Pallonji Group has launched a $500 million private equity fund.

Shapoorji Pallonji Group has launched a $500 million private equity fund, The Times Of India reports. The Mauritius registered fund, STREF, will focus on real estate and first close with $250 million. The fund will invest 60% of its investments in external projects and another part in the development projects of the Indian conglomerate. Shapoorji Pallonji Investment Managers will manage the fund.

Click here for the story from The Times Of India.