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Private equity money continues to flood into India's infrastructure sector, with the latest fund closing coming from IDFC Private Equity Co.
The Indian infrastructure-focused buyout firm plans to raise its
capital under management to $2 billion with a new $700 million third
fund that will invest in roads, ports and power in India, according to
a Blomberg story. IDFC estimates that $15 billion to $20 billion is being raised by
private equity and others for investment in India's infrastructure as
the government tries to bring in capital to build roads,
communications, airports and power stations in order to keep the
country's economic growth going strong.
3i Group plc's $1.2 billion 3i India Infrastructure Fund and $950.4 million limited partnership for Credit Agricole Private Equity closed vehicles in April, joined by Axis Private Equity which closed a $148 million fund. Also out raising capital for infrastructure funds are Goldman, Sachs & Co., which is raising a $7.5 billion infrastructure fund, Citigroup Inc., which is marketing a $5 billion infrastructure fund, and Macquarie Capital Group Ltd. and State Bank of India, which recently unveiled plans to co-raise a $2 billion infrastructure fund. Additionally, earlier this month Morgan Stanley closed a $4 billion vehicle that will target ports, roads, parking lots and the like globally, and it recently announced plans to place a private equity team in India. - George White See Bloomberg story See Dealscape post on infrastructure funds See Dealscape post on Axis Private Equity See Dealscape post on Morgan Stanley See Dealwatch on PE fund-raising Categories Deal Video
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