IDFC Raises $644M For India Infrastructure Fund

Law360, New York (September 17, 2013, 1:38 PM EDT) -- The alternative investment unit of Indian infrastructure financier IDFC Ltd. has secured commitments of $644 million for its second India-focused fund, including $580 million from foreign limited partners, IDFC said Tuesday.

IDFC Alternatives Ltd. also received a $64 million commitment from IDFC for the fund, India Infrastructure Fund II. The remaining funds are from investors in North America and Europe.

The India infrastructure company set a fundraising target of $1 billion and began raising capital from investors in January, IDFC said. The finance company said it...
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