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IDFC Alternatives, the private equity arm of infrastructure finance company IDFC Ltd, has raised $902.4 million (Rs 5,500 crore) for its second fund that would invest in the country’s infrastructure assets.
This includes a commitment of $90 million from its parent IDFC and remaining $810 million from limited partners. In addition, investors in the fund – India Infrastructure Fund II (IIF II) – have also pledged significant additional capital towards co-investment opportunities, the company said in a statement.
“We are very pleased with the high quality and marquee investors that IIF II has attracted and are proud of the speed with which IIF II has been subscribed to, especially given the difficult economic and financial conditions that prevailed during the majority of our fund-raising period,” said M.K. Sinha, Managing Partner and Chief Executive Officer at IDFC Alternatives.
IIF II is the successor to IDFC Alternatives’ debut infrastructure fund – India Infrastructure Fund - which closed in June 2009 with a fund size of $927 million.
rajesh.kurup@thehindu.co.in
Source : The Hindu
This includes a commitment of $90 million from its parent IDFC and remaining $810 million from limited partners. In addition, investors in the fund – India Infrastructure Fund II (IIF II) – have also pledged significant additional capital towards co-investment opportunities, the company said in a statement.
“We are very pleased with the high quality and marquee investors that IIF II has attracted and are proud of the speed with which IIF II has been subscribed to, especially given the difficult economic and financial conditions that prevailed during the majority of our fund-raising period,” said M.K. Sinha, Managing Partner and Chief Executive Officer at IDFC Alternatives.
IIF II is the successor to IDFC Alternatives’ debut infrastructure fund – India Infrastructure Fund - which closed in June 2009 with a fund size of $927 million.
rajesh.kurup@thehindu.co.in
Source : The Hindu
1 comments:
This Information is really good and informative. Thanks for it.
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Berger Paints
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