ICICI Venture, one of the largest private equity firms of India, last year raised a fund worth nearly $ 700 million. The fund was raised through real estate funds and other similar funds.

ICICI Venture raises realty fund

ICICI Venture (I-Ven) last year raised $ 700 million in forms of real estate funds and other funds. I-Ven successfully closed its second real estate fund- the India Advantage Fund Real Estate Series 2. The fund was successfully invested in to two projects one in NCR and the other in Mumbai. Both the investment amounts fall around Rs.100 Cr each.

The first investment in the National Capital Region (NCR) is a group housing project. The project is developed by Advance India Projects Ltd. ICICI Venture’s second investment is in a top-end luxury project which is being developed by Ahuja Developers. The project is being developed in Mumbai. Continue reading →