Chennai: CapitaLand has launched its second logistics private fund of S$400 million (Rs 22.5 billion) to expand in India’s logistics sector.
“CapitaLand India Logistics Fund II will invest in the development of logistics assets in key warehousing and manufacturing hubs in six major cities – Ahmedabad, Bangalore, Chennai, Mumbai, National Capital Region (NCR), and Pune, as well as in emerging markets such as Coimbatore, Guwahati, Jaipur, Kolkata and Lucknow,” said a press release.
CapitaLand India Logistics Fund II will grow CapitaLand’s current total Funds Under Management (FUM) of S$79.2 billion across over 20 private funds and six listed trusts, it added.