Apart from being the first real estate AIF domiciled in GIFT City, the fund also assumes significance as it will be making investments only in projects in this offshore hub.
Toro Investment Managers aims to generate Rs 1,600 crore by launching the first-ever real estate Alternative Investment Fund (AIF) within India s Gujarat International Finance Tec-City (GIFT City). This fund, a pioneer in GIFT City, exclusively targets projects within the offshore hub, focusing on commercial, residential, and social infrastructure segments. The seven-year dollar-denominated fund with two possible two-year extensions seeks investment from global sources, including institutional investors, family offices, high net worth individuals (HNIs), and non-resident Indians (NRIs).
Interview | For long-term investors, India a compelling story of massive potential: Vistra India head
In an interview with Moneycontrol, Navita Yadav, Country Managing Director of Vistra India, speaks on fund flows into emerging markets, Fed moves and opportunities in REITs and INVITs. December 24, 2020 / 05:11 PM IST
Vistra Group, among the world’s top three corporate and fiduciary services providers, manages more than $142 billion of investments in India. In an interview with Moneycontrol, Navita Yadav, Country Managing Director of Vistra India and Global Head of Capital Markets, touched upon topics ranging from fund flows into emerging markets, Fed moves and opportunities in REITs and INVITs to the need for corporates to display greater fiduciary responsibility. Yadav, who will be moving to London soon to manage the group s global markets, says India has seen much higher consistency in FPI flows in comparison to other emerging markets.