Motilal Oswal real estate PE arm achieves first close of fifth fund
May 20, 2021
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The fund, launched with a target corpus of ₹800 crore, has received commitments totalling ₹650 crore
Motilal Oswal Real Estate (MORE), the real estate private equity arm of Motilal Oswal Financial Services Ltd, has achieved the first close of its fifth real estate fund, India Realty Excellence Fund V (IREF V).
The fund, launched with a target corpus of ₹800 crore, has received commitments totalling ₹650 crore, it said in a statement.
Earlier in January, MORE said it was looking to raise up to ₹800 crore through its fifth real estate fund.