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Arthveda Fund Management Pvt Ltd, the private equity arm of Dewan Housing Finance Corporation, has hired Ashish Bhalla to head its fund-raising businesses. Bhalla told VCCircle he has joined the Mumbai office of the firm as business head and will lead fundraising across real estate and traded markets. Prior to joining Arthveda, he worked with financial services firm ASK Capital Management Pvt Ltd in Singapore. He has led cross-border fundraising and investment, structuring of offshore companies and funds, business analytics and advisory functions in his career spanning 15 years. He spent six-and-a-half years with ASK Group, first as a fund manager and later as vice president. He has also worked with ICICI Bank as a manager in New York for three years. Bhalla said he will be actively looking at the company’s real estate and index-based hedge fund strategies. He also said that the fundraising environment looks challenging but there are opportunities in low-cost housing thanks to the government’s focus on the segment. “We are in talks to raise $500 million for affordable housing alone, which is aligned with the government’s vision of ‘Housing for All’,” he said.



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