Red Fort Capital Rated `One of World`s Top Ten Emerging Private Equity Real Estate Funds`
Released on: June 20, 2008, 3:09 am
Press Release Author: varma
Industry: Real Estate
Press Release Summary: Red Fort Capital, one of India's leading international private equity real estate firms, has been ranked among the world's top 10 Emerging Private Equity Real Estate firms in the prestigious PERE (Private Equity Real Estate) Magazine's latest issue.
Press Release Body: Red Fort Capital, one of India's leading international private equity real estate firms, has been ranked among the world's top 10 Emerging Private Equity Real Estate firms in the prestigious PERE (Private Equity Real Estate) Magazine's latest issue.
PERE Magazine, the world's leading publication on private equity, real estate and infrastructure has done a special feature, "Young and Restless", on world's top ten emerging firms to watch out for in 2008 and ranked Red Fort Capital at no 9.
PERE, a widely-known and highly-regarded global media group, has shortlisted companies from USA, UK, Korea & more. The criteria for the selection evaluated various factors such as the amount of capital raised, performance since inception, and the credibility created amongst the investors.
Parry Singh, Director, Red Fort Capital said, "It is a great honor for an Indian fund to make it to the list amongst revered firms across continents and we at Red Fort Capital are extremely proud to be on this distinguished list." "It has been a highly successful year of development for Red Fort Capital. The rating further reiterates our deep experience in the private equity market and commends our strong financial resources. We take pride in being among the first movers in the Indian PERE space and are excited about the imminent growth of the real estate sector in India over the next couple of decades," he added.
Red Fort Capital is planning to invest Rs. 3,500 crore in the country during the next one year and is in the process of raising its second international fund which it expects to close in the second half of 2008. The firm is currently investing from its first international fund, an INR 1500 crore vehicle, which it raised in 2006 from institutional investors across the globe.
Red Fort Capital is an international private equity firm with a focus on value-added real estate investments in India. Their investors include pedigreed international governments, pension plans, insurance companies, foundations, and endowments. In 2007, they have already committed over to a number of land and real estate projects worth over Rs 7,500 crores in residential, township, and office parks in India, partnering with leading developers in India like the Bangalore-based Prestige Group and Indu Projects in Hyderabad........
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