DHFL Venture Capital Pvt. Ltd, a subsidiary of Dewan Housing Finance Corp. Ltd (DHFL)—India’s third largest home finance company—will partner US-based Redwood Capital Partners Llc. to float a private equity (PE) fund that will invest in logistics and warehousing companies, a senior company official said. “We had discussions with Redwood for over a year and have now decided to start a PE fund with equal participation,” Arun Goel, CEO of DHFL Venture Capital, said. The venture capital firm currently manages a $47 million (Rs224 crore) fund that invests in property. “…the market is turning around and we plan to raise money in a couple of months,” he said. Goel declined to indicate the initial size of the proposed PE fund, but DHFL chairman and managing director Kapil Wadhawan said he planned to “scale up the fund to Rs3,000 crore in three-five years”. […]