NEW DELHI: The 3i Group on Wednesday announced the closure of its India-focused 3i India Infrastructure Fund with a total corpus of $1.2 billion. The UK-based private equity group had originally targeted to raise $1 billion in the fund, half of which was committed by 3i itself along with the LSE listed 3i Infrastructure in the first round of funding in September'07.

While many fund houses have announced big ticket multi-billion dollar India infrastructure funds, 3i is one of the first to have actually raised the fund. This comes at a time when market volatility has affected fund raising plans of global private equity and buyout firms.

Full Story...

Posted by boyang at April 17, 2008 11:57 AM