Source: Bloomberg.com

By Netty Ismail

April 13 (Bloomberg) -- 3i Group Plc, Europe's biggest publicly traded buyout and venture capital firm, plans to raise $5 billion for a fund to invest in Indian ports, power plants and roads, two people with knowledge of the plan said.

The initial target will be for a $1.5 billion fund, with the remainder to be raised within five years, the people said, asking not to be identified before an announcement.

3i will use some of the funds in a venture with the government, which has a program to build $320 billion of infrastructure projects to ease bottlenecks. The investment presents the biggest opportunity to date for buyout firms operating in the world's second-fastest-growing major economy.

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Posted by pichu at April 13, 2007 9:11 PM