Uniindia: NEW DELHI, Aug. 16, 2021 /PRNewswire/ A unique business plan competition drew to a close with the crowning of the Champions of the inaugural Young Tycoons Business Challenge (YTBC) on 1 August 2021. At the Grand Finale of YTBC 2021, Top 8 teams (selected after sifting through 7000+ applications) pitched their business ideas to an esteemed panel of judges.
A unique business plan competition drew to a close with the crowning of the Champions of the inaugural Young Tycoons Business Challenge (YTBC) on 1 August 2021.
HDFC Capital, Cerberus set to pair up for $1 billion real estate investment fund
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The fund, to be set up through an affiliate of New York-headquartered Cerberus Capital, will target stressed projects, purchase inventory and provide last-mile funding for under-construction residential projects.
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HDFC Capital and global alternative investment major Cerberus Capital Management LP have formed a partnership to create a fund that will focus on high-yield opportunities in the Indian residential real estate sector. The size of the proposed fund will be upwards of $1 billion, said people familiar with the development.
The fund, to be set up through an affiliate of New York-headquartered Cerberus Capital, will target stressed projects, purchase inventory and provide last-mile funding for under-construction residential projects.
HDFC Capital and Cerberus Partner to Form a Special Situations Platform for the Indian Residential Real Estate Sector
Posted On: 2021-04-01 08:44:50 (Time Zone: Arizona, USA)
HDFC Capital Advisors Limited ( HDFC Capital ) and an affiliate of Cerberus Capital Management, L.P. ( Cerberus ) have partnered to target the creation of a special situations platform (the Platform ) focused on high-yield opportunities in the Indian residential real estate sector. The Platform will seek to purchase inventory and provide last-mile funding for under construction residential projects across India, among other real estate-related opportunities.
The development of the Platform is in response to a series of shocks to the Indian residential real estate market that have created a significant need for capital. Many buyers have been unwilling to fund projects in advance of completion while traditional financing channels have come under severe pressure. The Platform intends to partner with qual