mumbai welspun group a leading player in the line pipes home textiles and advanced textiles segment on tuesday launched an alternate investment fund aif that would offer domestic institutions hnis family offices and nris an opportunity to invest in indias warehousing and industrial real estate sectors the aif categorized as type ii among this type of funds under sebi norms will be managed by welspun one logistics parks the groups asset management platformsanctum wealth management and edelweiss wealth management are two entities which will be the key distributors of the aif a release from the assets management company saidthe fund has a target size of rs 500 crore with a fouryear tenure the welspun family have pledged rs 75 crore into the fund the fund intends to acquire land parcels in high demand preidentified markets and develop gradea warehousing parks which will be leased to highlyrated tenants on a longterm basis the release said on completion these assets would be divested to institutional investors including private equity pension and sovereign funds reits etc so as to provide an exit and deliver the targeted returns to the fund investorsin india the warehousing and industrial real estate sectors are at an inflection point of growth and have exhibited significant interest from bluechip investors globally and within the country the release said warehousing has been one of the few sectors to have demonstrated resilience and continued growth despite the economic headwinds due to the covid19 pandemic