Red Fort Capital, the New Delhi-based private equity real estate firm, has hired Raj Inamdar as a principal responsible for leading the firm into new business areas.
According to an announcement from Red Fort today, Inamdar will focus on areas including completed acquisitions, third-party asset management, co-investments and debt financing. Traditionally, Red Fort has focused on investment in development projects across all real estate sectors and in operating companies in selected markets in India.
GB Singh, chairman of Red Fort Capital, said: “During 2010, we plan to commence fundraising for our second opportunity fund and incubate new ventures that build on our core real estate competencies.”
The firm’s first fund closed on more than $400 million of equity raised from international public, corporate and union pension plans as well as insurance companies, endowments and government bodies.
Inamdar previously worked for South Asian Real Estate Group as chief investment officer, where he completed more than $2 billion in real estate transactions, developments, financings and restructurings in India and the US. He has held roles at Indra Capital Partners, Millennium Partners, Clark Enterprises, Morgan Stanley, Merrill Lynch and Nutripeak.
Red Fort makes appointment, widens investment remit
The India-focused private equity real estate firm has appointed Raj Inamdar as a principal in charge of creating new business initiatives as it nears the launch of its second opportunity fund.
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