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April 7, 2008

3i Group's infra fund exceeds $1-b target

Anil Sasi

New Delhi, April 7 Despite prospects of an economic slowdown, the infrastructure sector still continues to be a big draw among foreign private equity investors.

Europe's biggest publicly-traded buyout and venture capital firm, 3i Group Plc's '3i India Infrastructure Fund' had exceeded its $1-billion target. A final closing of the fund is slated to be announced later this month, industry sources said.

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Posted by boyang at April 7, 2008 3:00 PM