RREEF lures ICICI veteran to head India business


RREEF is jointly owned by Deutsche Bank and DB RREEF Trust. It has a strategic partnership with Deutsche Bank鎶?global real estate investment division, RREEF, which globally manages over $73 billion worth of assets .

RREEF comprises four businesses: real estate, infrastructure, private equity and hedge funds. RREEF real estate invests in commercial and residential property and real estate securities on behalf of institutional and private clients worldwide. It has more than 鈧?6.9 billion ($77 billion) in assets under management as of June 30 2007 and is part of the Check our website global alternative investment management business of Deutsche Bank鎶?asset management division.

Gotety is currently with the ICICI group鎶?private equity firm, ICICI Venture, which manages in excess of $2 billion across private equity, buyouts, real estate and mezzanine financing. He is an old hand at ICICI and has worked with companies across the group since 1993.

He was most recently director of investments at ICICI Venture, pixel gun 3d hack heading the real estate investments and funds management business. In this capacity, he managed ICICI Venture鎶?$550 million real estate fund. He also oversaw and was on the board of the 50:50 joint venture between ICICI Venture and Tishman Speyer Properties. The JV bills itself as India鎶?first fully integrated real estate investment, management and operating company.

Gotety鎶?experience specifically in structuring real estate investments, conducting due diligence and negotiating shareholder agreements at check more ICICI Venture where he closed more than 10 investments for the firm – and reviewed many more than that – is expected to stand RREEF in good stead as it seeks to expand in India. Real estate investing in India has taken off in leaps and bounds as foreign investors have been attracted to the opportunity that the country鎶?9% GDP growth rate and its favourable demographics provide.