Abu Dhabi Investment Authority (ADIA) plans to invest about $200m in Indian real estate, underscoring a trend for large Gulf sovereign wealth funds to diversify away from traditional developed markets such as Europe, Reuters has reported, citing two sources. ADIA, which manages the surpluses the emirate earns from oil exports, has appointed Kotak Realty Fund, run by Kotak Mahindra Bank, to invest the money, one of the sources familiar with the matter said. ADIA has investments of about $400-$500m in India which includes an 11.22% stake in Infrastructure Leasing & Financial Services and a $50m investment in Red Fort Capital, a real estate private equity fund.
http://www.ameinfo.com/adia-invests-200m-india-real-estate-348456
http://www.ameinfo.com/adia-invests-200m-india-real-estate-348456
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