WOLP targets $1 billion AUM as second fund raises base corpus

Welspun One Logistics Parks is targeting $1 billion in assets under management (AUM) after raising the base corpus for its second fund. The logistics-focused fund and development management platform has successfully raised Rs 10 billion ($122 million).
With this, the fund will now seek commitments for its Rs 10 billion greenshoe option.
The new fund will add 10-12 million sq ft of new projects to this footprint over the next four to five years, bringing Welspun One’s total portfolio to 16-18 million sq ft.