LIC Housing Finance PE arm to invest in social infra projects

LICHFLLICHFL Asset Management Company, the private equity and venture capital arm of LIC Housing Finance, will invest half of its Rs 529-crore realty fund in social infrastructure, according to report.

The company will invest in schools, hospitals and warehousing facilities. The fund, namely Urban Development Fund, was raised in 2013-14 for a term of six years. It has 30 investors.

“Investment in social infrastructure will give us an opportunity to diversify our portfolio,” said AK Sharma, CEO and Director at LIC HFL Asset Management Company.

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