Singapore's CapitaLand Investment (CLI) unveiled CapitaLand India Growth Fund 2, targeting Rs.32.61 billion to invest in prime Grade A business parks across key Indian cities. CLI secured Rs.16.3 billion from a global institution, owning 50 per cent at first close. With a 20 per cent sponsor stake, CLI stays aligned with investors while growing funds under management (FUM). Initial commitment is Rs.22.9 billion, boosting FUM by about SGD 700 million. The fund's inaugural asset is 70 per cent of International Tech Park Chennai, acquired for Rs.5.9 billion from CLI. Postdivestment, CLI will maintain asset management responsibilities. Contact: CapitaLand Investment (CLI) Website: www.capitaland.com