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Mon 18 Jun 2007 12:17 AM

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KFH starts India private equity fund

Kuwait Finance House is to start a $200m fund with Gulf partners to invest in India.

Kuwait Finance House, Kuwait's largest lender by market value, is starting a $200 million private equity fund with Gulf partners to invest in Indian real estate and industry, it said on Sunday.

Kuwait Investment Company and Bahrain's Khaleej Finance & Investment will manage the fund with Kuwait Finance House, the companies said in a joint statement.

The fund is targeting a rate of return exceeding 25 % at the end of the investment period of five years, the companies said.