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Red Fort Capital hires new principal

Red Fort Capital has named Bala Bellur as a principal. Previously, Bellur worked at Deloitte & Touche in the U.S. where he served as a partner. Red Fort Capital is a private equity real estate firm focused on India.

PRESS RELEASE

Port Louis, Mauritius (PRWEB) November 28, 2013
Red Fort Capital, a private equity real estate firm focused on India, announced today that Bala Bellur has joined the firm as Principal to continue its initiatives to build-out a core portfolio. At Red Fort, Mr. Bellur will continue the firm’s expansion in areas such as completed asset acquisitions, third-party asset management, and debt financing and build Red Fort Capital’s Chicago office.
Parry Singh, Co-Founder and Managing Director, said “It’s our pleasure to have Bala Bellur join our team. Bala’s global track record with the highest fiduciary conduct adds to Red Fort Capital as an Institution. His extensive experience in the US financial markets as well as the Indian financial markets makes the team more global”.
Mr. Bellur says “I am very excited to become part of Red Fort Capital’s successful and best-in-class leadership team of highly talented and motivated professionals. The Firm has a demonstrated track record as a leading private equity real estate firm. The commercial real-estate market in emerging economies is promising with a lot of potential for consolidation with a REIT platform and building-out our Chicago presence is going to complement our existing capacity.”
Prior to joining Red Fort Capital, Mr. Bellur was a Partner in Deloitte & Touche LLP in the United States where he has served in various capacities for over 20 years including leading the financial services industry practice of Deloitte in Florida and Puerto Rico and Deloitte’s Global IFRS and Offering Services in India, and in serving some of Deloitte’s largest clients. He has also served on and led several high profile cross-border merges & acquisition projects across various industries. He has presented on a number of topics publicly in conferences hosted by the Institute of Chartered Accountants of India, the Asian Center of Corporate Governance as well as the Associated Chambers of Commerce and Industry of India.
About Red Fort Capital
Red Fort Capital is a leading private equity real estate firm focused on India. The firm’s global institutional investors include sovereign wealth funds, pension funds and insurance companies. PERE magazine ranked Red Fort Capital as a “Top Ten Emerging Manager” worldwide in 2008. For further information about Red Fort Capital, please visit http://www.redfortcapital.com.