MUMBAI: IIFL Wealth Management, the wealth management arm of India Infoline, has raised Rs 735 crore for a real estate fund.
This fund also has an option to co-invest a further Rs 500 crore under the IIFL Income Opportunities Fund — Series ‘Special Situations’.
This is an alternative investment fund dedicated to the real estate sector.
The fund was launched in August 2013 and is the third under the Alternative Investment Forum platform. According to a company statement, the fund is targeting income producing opportunities by participating in structured financing across residential projects with appropriate development partners.