Trilegal advised HDFC Capital Advisors on the structuring and formation of HDream Fund
The leading law firm in India, Trilegal, advised HDFC Capital Advisors in relation to the formation and fundraise by HDFC Capital Development of Real Estate Affordable and Mid-income Fund (HDream Fund) from various investors, both domestic and international, including International Finance Corporation (IFC) as an anchor investor.
As part of the engagement, Trilegal provided strategic legal advice on the fund’s structure and formation and led the drafting, negotiation, and finalization of contribution agreements and side letters with all participating investors.
HDream Fund is among the first private credit funds globally focused on increasing sustainable affordable and mid-income housing in urban India. It is one of the largest sustainability-led affordable housing funds in India, with a target size of USD 1 billion, and also marks the biggest supply-side financing initiative in this segment.
The Trilegal team advising on the mandate was led by Sai Krishna Bharathan (Partner) and Pallabi Ghosal (Partner), with support from Mahaveer Rajguru (Senior Associate), and Kishan Kumar and Nivruthi Pasupunuri (Associates).
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