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New Firm To Target $500M in India

MCLEAN, VA-The eight-person firm, which began in the middle of last year, has deployed $52 million in capital so far.

By Erika Morphy | Updated on January 23, 2007

MCLEAN, VA-Beekman Helix India Partners LLC plans to deploy between $200 million to $500 million into the Indian real estate market this year, a source at the firm tells GlobeSt.com. BHI is a young company backed by Beekman Advisors and Helix Financial Group.

Formed in mid-2006 and headquartered here and in Gurgaon, India, BHI provides advisory and real estate investment management services to Indian developers and global institutions. So far, it has placed $52 million in the high-growth country, both through its balance sheet and a program relationship advised by Parsippany, NJ-based Prudential Real Estate Investors.

Shekar Narasimhan, managing partner of locally based Beekman Advisors, is CEO of BHI; Manish Parwani, managing partner of Helix Financial in Charlotte, NC, is the company’s president & COO. BHI has eight full time staffers.

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