<article>UK-based private equity firm <a href="https://www.dealstreetasia.com/?s=Actis" target="_blank" rel="noopener">Actis</a> plans to launch a $500-million India-focused real estate fund this year, Business Standard <a href="https://www.business-standard.com/article/companies/actis-plans-to-launch-500-mn-india-focused-real-estate-fund-this-year-119021301372_1.html">reported</a>.</article>

UK-based private equity firm <a href="https://www.dealstreetasia.com/?s=Actis" target="_blank" rel="noopener">Actis</a> plans to launch a $500-million India-focused real estate fund this year, Business Standard <a href="https://www.business-standard.com/article/companies/actis-plans-to-launch-500-mn-india-focused-real-estate-fund-this-year-119021301372_1.html">reported</a>.
This is the second Asia real estate-focused fund floated by Actis after it raised a $750-million fund to acquire realty portfolio of <a href="https://www.dealstreetasia.com/?s=Standard Chartered Private Equity" target="_blank" rel="noopener">Standard Chartered Private Equity (SCPE&#8217;s)</a> in August last year. SCPE&#8217;s portfolio was spread across India, China, South Korea and Southeast Asia.
The fund, Actis Asia Real Estate Fund-I, was raised from institutional investors across different countries.
Actis, formerly a part of the British government’s development arm CDC, closed its Africa Real Estate Fund 3 with commitments totalling more than $500 million in June 2016. The firm&#8217;s other two funds were focused on energy. It has received a total capital commitment of $4.4 billion across four funds.
Recently, Actis said, it plans to set up a new firm to house its operational renewable energy assets in India. In November, it bought India&#8217;s <a href="https://www.dealstreetasia.com/?s=Essel Infraprojects" target="_blank" rel="noopener">Essel Infraprojects Ltd’s</a> solar power projects for Rs 5,500-6,000 crore.
Last year, private equity major Blackstone closed its second Asian opportunistic real estate fund at $7.1 billion. Its first Asia-focused property fund, which closed in 2014, raised $5.08 billion. The firm is now seeking $18 billion for its biggest global real estate fund ever.
According to a recent Bloomberg report, Bahrain-based investment manager InvestCorp Bank is also looking to invest in Indian property developers. The company started its India operations in January after acquiring the private equity and real estate funds of IDFC Alternatives Ltd.
In 2006, JPMorgan Asset Management had raised $360 million for its maiden real estate fund in India called JPMorgan India Property Fund. The fund was raised from institutional investors and high net-worth individuals (HNIs) across global markets.
The Indian real estate sector attracted nearly $3 billion as private equity and venture capital investments during January-August 2018, according to Indo-European Business Forum (IEBF). Private equity investments in real estate are estimated to grow to $100 billion by 2026 with tier-I and tier-II cities being the prime beneficiaries, it had stated.
Also Read:
<a href="https://www.dealstreetasia.com/stories/actis-standard-chartered-real-estate-105113/">Actis acquires StanChart’s Asia real estate investment portfolio</a>
<a href="https://www.dealstreetasia.com/stories/blackstone-biggest-real-estate-fund-106681/">Blackstone said to seek $18b for biggest real estate fund</a>
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This is the second Asia realty fund floated by Actis after it raised a $750-million fund to acquire realty portfolio of SCPE in August last year.

UK private equity firm Actis seeks $500m for India real estate fund: report

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UK private equity firm Actis seeks $500m for India real estate fund: report

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