Trilegal & Argus Partners advised on USD 1 billion H-DREAM Fund investment and formation.
Trilegal advised HDFC Capital Advisors in relation to formation and fund raise by HDFC Capital Development of Real Estate Affordable and Mid-income Fund (HDream Fund) from various investors, both domestic and international including International Finance Corporation (IFC) as an anchor investor.
HDream Fund is among the first private credit funds globally focused on increasing sustainable affordable and mid-income housing in urban India. It also marks the biggest supply-side financing initiative in this segment.
The transaction team advising on the mandate was led by Partners Sai Krishna Bharathan and Pallabi Ghosal, and supported by Senior Associate Mahaveer Rajguru, and Associates Kishan Kumar and Nivruthi Pasupunuri.
Argus Partners advised an institutional investor on its investment in the USD 1 billion H-DREAM Fund (HDFC Capital Development of Real Estate Affordable and Mid-Income Fund), which will be managed by HDFC Capital Advisors Limited. With a target size of USD 1 billion, H-DREAM Fund is among the first private credit funds globally focused on increasing sustainable affordable and mid-income housing in urban India.
The team at Argus Partners advising the institutional investor consisted of Partner Adity Chaudhury, supported by Associates Mahek Shivnani and Suvanwesh Das.
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