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Ravi Krishnan, India chief of sports and entertainment management company IMG, is moving out to head a $100 million real estate fund in India. Krishnan, who spent 11 years with IMG, has joined a real estate group, primarily based in Australia and Israel, to set up their India specific multi-million dollar fund. Krishnan will however will remain as an advisor with IMG.

"Krishnan will be joining a highly respected Australian/Israeli group of investors that is setting up an India-focused fund that will initially commit USD 100 million for investment in the real estate sector," said a statement. A lawyer by training, Ravi Krishnan was part of a four-member team that was sent in 1995 to set up IMG's operations in India. As the youngest member of the team, at 27, he began his new career by selling hospitality for the Cricket World Cup 1996.