BackRed Fort Capital to raise $500 mn property fund: Sources
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03 Jan 2012, 04:37 PM IST
Red Fort Capital to raise $500 mn property fund: Sources
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The company is in the final stages of fund raising and will formally announce a “closure soon", said the sources, who declined to be named as they were not authorized to speak to the media before a public announcement.
Subhash Bedi, founding partner at Red Fort, declined to comment.
The private equity fund has made a first close of about $80 million in April last year.
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Published: 03 Jan 2012, 04:37 PM IST
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