IFL Investment Managers MD and CEO Karan Bhagat says the fund already has anchor investment commitments, including $25 million from Fairfax. “We are launching a new real estate credit fund that will focus on the affordable housing space. We are targeting to raise around $500 million for this fund,” said Karan Bhagat, managing director and chief executive officer at IIFL Investment Managers. IIFL Investment Managers has raised close to Rs4,700 crore since 2012 across various real estate funds under Sebi’s alternative investment fund (AIF) regime. Canadian billionaire Prem Watsa’s Fairfax owns a 35.49% stake in IIFL Holdings Ltd, the parent of IIFL Investment Managers.

Source: Mint November 09, 2017 18:11 UTC