HDFC Capital announces initial close at $1.88 bn for its affordable housing fund2 min read . Updated: 23 Jan 2022, 01:51 PM IST
- The primary investor in H-CARE 3 is a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA).
- H-CARE 3 combines with the HDFC Capital Affordable Real Estate Funds – 1 & 2, raised in 2016 and 2017, respectively, to create a $3 billion funding platform.
New Delhi: HDFC Capital, a wholly-owned subsidiary of HDFC Ltd and acting as an investment manager, has successfully achieved the initial close of its third fund focused on affordable housing, the HDFC Capital Affordable Real Estate Fund – 3 (H-CARE-3), according to the press release.
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