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Sign in Sign up for a FREE subscriptionIndia’s first warehousing AIF for domestic investors raises $42m
Mumbai-based Welspun Group has completed the first closing of its alternative investment fund, Welspun One Logistics Parks Fund I, with $42 million in commitments from domestic high-net-worth individuals and family offices.
According to Mingtiandi, the fund was launched earlier this year and is India’s first warehousing AIF for domestic investors.
The fundraise is part of a $70 million maiden fund that will allow Welspun One to develop $265 million of class A warehouse assets.
