APG Asset management
There is a renewed interest in the infrastructure sector. Piramal Enterprises committed $1 billion in a tie-up with the Dutch pension fund APG Asset Management last month for the investment in the infrastructure sector. Now, three home-grown private fund managers – IL&FS, L&T Infrastructure Finance and IDFC Alternatives - are gearing up to raise $2.5 billion over the next six to eight [...] Continue Reading »
Ajay Piramal forerunner Primal Enterprises (PEL) has combined with the world’s second-largest pension fund APG Asset Management (APG) to form a vital union necessary for investing a billion dollars in India’s infrastructure. The equally split joint venture of PEL and APG will involve the initial amount of $375 million from each side, and the investment [...] Continue Reading »
The Piramal Enterprises Ltd has come together with Dutch pension fund APG Asset management in order to invest $1 billion in Indian infrastructure companies over three years in a move that will help indebted firms’ access funds to complete their projects. A slow economy and stopped bureaucratic decision making since the last two years has [...] Continue Reading »
Ajay Piramal is all set to make his boldest bet on the country’s battered infrastructure sector under the flagship Piramal Enterprises Limited (PEL). His investments in Vodafone India did fairly well and now with the Modinomics wave, he feels that infrastructure investments should be the next big thing. Piramal Enterprises Limited (PEL) is tying up [...] Continue Reading »
The Dutch pension fund now holds around 13% stake in mid-market hotel chain Lemon Tree. This deal has pegged the valuation of the hotel at approximately Rs 3,000 crore. With the help of this capital infusion LemonTree aims to have close to 8000 owned and managed rooms by 2017. Earlier the hotel company signed a [...] Continue Reading »
One of the largest pension asset managers, APG Asset Management, Abu Dhabi Investment Authority and the Government of Singapore Investment Corp are to invest in Indian real estate market . APG, which manages about 300 billion euro in assets, now plans to work directly with real estate developers, as it looks to establish a stronger [...] Continue Reading »
