WOLP marks initial close of second fund

Welspun One Logistics Parks (WOLP), the logistics fund and development management platform of the Welspun Group, has achieved the initial closure of its second alternative investment fund after raising approximately one-fourth of the corpus. The initial close for the WOLP Fund 2 amounted to Rs 5 billion. The fund aims to raise up to Rs 20 billion ($243 million), with an option to raise an additional Rs 10 billion. The second fund will expand the assets under management (AUM) of the fund house fivefold.