Rutley Capital Partners, the private equity arm of Knight Frank, will launch a US$1 billion Indian housing fund. For more than 12 years Knight Frank has had over 600 agents advising in India but this is the first time the partnership, one of the largest UK firms of property agents, is committing its own money to the project. In addition to using its own funds, Knight Frank hopes to attract outside investments to the new fund managed by Rutley Capital Partners, its private equity arm.
Knight Frank's push to invest in India, is part of a multi-billion dollar flow of investment into the country led by the US private equity market.
Source: The Times
