IPAL Fund Managers, which has a strategic partnership with Centrum Wealth Management, has put its plan to launch a Mumbai-focused real estate fund on hold. A first close is raising the first tranche of capital from investors, after which the fund starts deploying it. “Investors want to commit money to fund managers who have displayed track record of deploying and returning money and have a differentiated strategy. First-time fund managers will fund it tougher to raise money in this challenging environment,” Bhagat said. Brick Eagle Capital Advisory Llp, a financial services platform that funds and advises low-cost housing developers, is raising a Rs500 crore fund for budget housing projects with Rs10-30 lakh homes.

Source: Mint April 22, 2018 21:11 UTC