International Finance Corporation (IFC), the investment arm of the World Bank, is planning to invest around $75 million (Rs 550 crore) in Indospace Logistics Parks III LP, a $580-million vintage fund for developing logistics and industrial parks across India.
The fund is managed by Indospace Capital Asia Pte Limited and its Indian affiliate Indospace Capital Advisors Private Ltd, together referred to as Indospace. It develops and operates warehousing and industrial property assets in India through various special purpose vehicles (SPVs). These SPVs are indirectly owned by Indospace Logistics Parks III LP, a Singapore-based limited partnership managed by Indospace Capital Asia