IFC Invests $150M in HDFC Capital’s H-DREAM Fund
Representative image created by AI NEW DELHI: The International Finance Corporation (IFC) has pledged up to $150 million as a leading equity investor in the H-DREAM Fund, a private credit initiative worth $1 billion aimed at advancing the development of sustainable, affordable, and mid-income housing in urban India. The H-DREAM Fund is managed by HDFC Capital Advisors, the private equity division of HDFC Group and a subsidiary of HDFC Bank. With an initial capital of $500 million and an additional $500 million green shoe option, H-DREAM’s goal is to attract long-term investments from both global and domestic institutional investors. The…