Arka launches alternative investment fund of Rs 500 crore, ET RealEstate
NEW DELHI: Arka Investment Advisory Services (AIASPL) has launched its second alternative investment fund named as Arka Hreem Real Estate Opportunities Fund.
Rohan Builders has joined as the operating partner for the fund through its financial services arm- Hreem.
The fund’s first scheme, ‘Arka Hreem real estate opportunities fund I’ (Arka Hreem Fund) has a target size of Rs 500 crore and a green shoe of Rs 250 crore with a focus on residential real estate. It will focus on tier I cities.
It is managed by AIASPL and sponsored by Arka Financial Holdings – the financial services platform backed by Kirloskar Oil Engines.
