IDFC Alternatives, multi-asset class management arm of IDFC, has announced final closing for its $900 million India Infrastructure Fund II. This includes a commitment of $90 million from its parent IDFC Limited and remaining $810 million from third party Limited Partners (LPs).
In addition to the above commitments to the fund, investors have also pledged significant additional capital towards co-investment opportunities. Investors in IIF II include global institutional investors from North America, Europe and the Middle East.
IIF II has attracted the high quality and marquee investors. IIF II has been subscribed during time when the difficult economic and financial conditions prevailed during the majority of our fund-raising period.
IDFC is the country’s leading integrated infrastructure finance player providing end to end infrastructure financing and project implementation services.
