Godrej Fund Management launches $500 million office platform; raises $250 million in 1st round SECTIONS Last Updated: Jan 18, 2021, 01:19 PM IST Share Synopsis Singapore-based GFM, a real estate private equity arm of the Godrej Group, on Monday announced the first closure of its USD 500 million office development platform 'GBTC II' in partnership with Netherlands-based APG Asset Management NV (APG). "We have made first closure of USD 250 million. The fund will be deployed this calendar year," GFM MD and CEO Karan Bolaria told. New Delhi: Private equity firm Godrej Fund Management (GFM) has raised USD 250 million in the first tranche for its new platform to develop prime office buildings across four major cities. Singapore-based GFM, a real estate private equity arm of the Godrej Group, on Monday announced the first closure of its USD 500 million office development platform 'GBTC II' in partnership with Netherlands-based APG Asset Management NV (APG).