Varanium announces the launch of India’s First Hospitality fund. The fund dedicated to hotel assets, with a strategy focused on operating assets looking for expansion and upgrades. Focus is on the high-end market segment (3 and 4 stars) in India with a target size over 150 million dollars. This hotel category is particularly well positioned to attract business clients and the growing tourist demand in India. For our investors, we are looking at exposing our fund to high quality local, operating assets. Fund will pursue investments in order generate attractive yield premium while limiting operational risk. Fund has strategy advisory agreement with Tourism Finance Corporation of India (TFCI).