HDFC Capital Targets $9 Billion Fund Base in 3 Years as Global Investor Interest Builds
Updated
Updated · Bloomberg · May 28
HDFC Capital Targets $9 Billion Fund Base in 3 Years as Global Investor Interest Builds
5 articles · Updated · Bloomberg · May 28
$4.5 billion manager HDFC Capital Advisors plans to double its fund base to $9 billion over the next three years, according to CEO Vipul Roongta.
Global investors are the sole fundraising target, with the firm focusing on backers taking a mid- to long-term view on India rather than short-term capital.
Interest is coming from the Middle East, Europe, South Korea and Japan, giving the firm a broad overseas investor pipeline.
A recent investment from Development Bank of Japan is helping underpin that push as HDFC Capital seeks to expand its India-focused platform.
Amid Middle East turmoil, can HDFC Capital attract regional funds for its ambitious $9 billion Indian real estate expansion?
Can a model promising 18% returns to global investors genuinely solve India's vast affordable housing crisis?