Indiabulls Asset Management Co. Ltd is launching its first commercial asset fund and plans to raise up to Rs1,500 crore from mainly domestic investors, said a fund executive.
Dual Advantage Commercial Assets Fund is an alternative investment fund (AIF) and will invest in buying out office properties that generate regular stable rental income with capital appreciation on exits.
Of the Rs1,500 crore, Rs1,000 crore will be raised through a blind pool of multiple limited partners (LPs) or investors and the remaining Rs500 crore from select family offices and investors through the co-investment route.
Fund-raising through the blindpool route involves raising money from a pool of multiple LPs who invest in a fund corpus.
Read more: Live Mint
