WOLP marks initial close of second fund

Welspun One Logistics Parks (WOLP), the logistics fund and development management platform of the Welspun Group, has reached the initial close of its second alternative investment fund after raising approximately one-fourth of the corpus. The initial close for the second fund of WOLP Fund 2, was Rs 5 billion. The fund hopes to raise up to Rs 20 billion ($243 million), with an option to raise an additional Rs 10 billion. The second fund will grow the fund house’s assets under management (AUM) by about five-fold.