IL&FS Investment Managers announces raising of $500 million infrastructure fund
IL&FS Investment Managers Ltd announced in early July the raising of a US$500 million infrastructure fund to invest in transport and energy projects.
According to sources, Archana Hingorani, chief executive officer of IL&FS Investment Managers, said the fund manager started raising money for its latest infrastructure fund late last year from global limited partners, or LPs (investors in private equity funds).
She added that they are targeting a first close for the fund during this financial year and a final close in the next financial year.
The fund will also allow co-invest in projects promoted by LPs.
IL&FS will not only pump equity in transport and energy, but also in ports, logistic and other projects.
According to sources, Sanjay Sethi, managing director and chief executive at infrastructure advisory firm Nestor Consulting India said:
“The market has undergone a lot of change and today, people are toying with different frameworks, as returns have, by and large, been muted in the space. Hence, you see some of the large LPs taking the direct investment route or investing in platforms that allow them co-investment opportunities.”
Country news
-
-
July 19, 2016
Kamarajar port signs coal terminal concession
Kamarajar Port Ltd, the state-owned entity in charge of the Ennore port, near Chenai, India, has awarded Sical Iron Ore Terminals Ltd the concession contract to carry out the conversion of the port's inactive iron ore terminal into a coal terminal under PPP model. Read more -
July 04, 2016
India´s government approves two road PPPs
India's Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the development of two road PPP projects. Read more -
June 29, 2016
Mr.Sujoy bose appointed as the chief executive officer CEO of India´s NIIF
Mr. Sujoy Bose, at present, Director and Global Co-Head, Infrastructure and Natural Resources, International Finance Corporation(IFC), Washington DC, has been appointed as the Chief Executive Officer (CEO) of National Investment and Infrastructure Fund (NIIF) Ltd. Mr Sujoy Bose has extensive international experience in the infrastructure sector including experience in raising funds from international investors. Read more -
June 29, 2016
India allows full foreign ownership of airports
The government of India has recently decided to allow foreign direct investment (FDI) in the country's aviation sector. Read more -
June 29, 2016
MBL Infrastructures wins Udaipur bypass PPP from NHAI
National Highways Authority of India (NHAI) has awarded to MBL Infrastructures Ltd. (MLB) the contract for the Six laning of the Udaipur bypass (Package-IV of Kishangarh-Udaipur-Ahmedabad stretch). Read more
