Milestone Real Estate Fund has invested Rs 110 cr into a residential project to be developed by Godrej Properties in Kolkota, a release from Milestone said. Though Milestone did not disclose the percentage of stake picked by itself, it said that both iself and Godrej will jointly develop 3 million square feet of residential property, it said.   more »

Fund raising by global private equity funds has dipped to an over five-year low of $38 billion in the third quarter of 2009, as fund managers are refraining from making any new commitments before next year. Fund raising in Q3 2009 represents a 55 per cent slump from Q2 of 2009, when the PE funds had raised an aggregate $84 billion globally, according to a report by global research firm Preqin. Private equity fund raising plummets to lowest levels since 2003, with the third quarter figures equivalent to just 45 per cent of the $84 billion raised in Q2 2009, Preqin said.   more »