November 2007
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Baer Capital Plans $500 Million Fund for India

Baer Capital Partners, a Dubai-based funds management company, plans to raise $500 million to invest in real estate and infrastructure in India, the world's fastest growing major economy after China. The firm will begin investing in India in the second quarter of next year after tapping investors outside India in early 2008, Alok Sama, president of Baer Capital, said in an interview in Mumbai. “It's critical for India's economic development that infrastructure is increased sharply,'' said Pauli Laursen, who manages $800 million at Sydinvest Asset Management at Aabenraa in Denmark and holds shares of Indian companies including Larsen & Toubro Ltd. and Bharat Heavy Electricals Ltd. “India needs money from all over for its infrastructure.'' India requires half a trillion dollars of investment in infrastructure including roads and power plants during the next five years as it aims to lift growth in its $906 billion economy to 10 percent by 2012. Baer Capital joins JPMorgan Chase & Co., 3i Group, Blackstone Group and Citigroup Inc. in planning to invest funds from overseas in Indian companies building roads, ports and electricity plants. […]

Knight Frank to launch $250 million India-focused real estate fund

In the first of its kind among property consultants, the UK-headquartered Knight Frank Group will launch a $250 million India-focused real estate fund. According to sources in the know, the offshore fund will raise investments from high net worth individuals and other investors from the UK and will have an investment threshold of $0.5 million and above. However, employees of the consultancy can invest smaller limits and the fund will invest in FDI-complaint projects in the country, according to sources. The fund-raising is expected to begin by January 2008 and will close in a couple of months. Rutley Capital Partners (RCP), Knight Frank's real estate private equity and investment management arm, is expected to spearhead the launch of the India fund. However, an e-mailed questionnaire to Robert Hannington, managing partner, RCP, did not elicit any response. […]