Pakistan’s Ijara Starts Private Equity Fund for Real Estate
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Pakistan’s Ijara Capital Partners Ltd. has launched a private equity fund to raise five billion rupees ($29 million) to invest in real estate projects as Prime Minister Imran Khan encourages a construction boom.
The fund will be raised and deployed in multiple projects within six months, Farrukh Ansari, chief executive officer at Ijara Capital, said in an interview. It will offer an internal rate of return between 25% and 30%, he said.