HDFC Realty, the private equity arm of Housing Development Finance Corporation, is engaged in talks with the world’s largest sovereign funds to raise its fourth real estate fund.
According to sources in the know, the company has already started discussion with a few of the Singapore government-owned GIC and Temasek Holdings, the Abu Dhabi Investment Authority (ADIA, owned by the government of Abu Dhabi) and Kuwait Investment Authority. ADIA manages more than $600 billion. Full story
