MUMBAI: Axis Private Equity, the PE arm of Axis Bank, has raised a Rs 600-crore infrastructure fund. IDFC Private Equity, another major, had on Tuesday announced its intention to raise a $700-million fund for the sector. According to sources familiar with the matter, Axis Private Equity is already in the process of finalising four deals related to the infrastructure sector.

"Of its targeted corpus of Rs 2,000 crore, Axis PE has closed its first fund - Axis Infrastructure Fund 1 - by raising Rs 600 crore," said a person involved in the development. The PE has already identified four investment targets, he added. When contacted, Axis PE chief executive officer and MD Alok Gupta declined to comment.

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Posted by boyang at April 25, 2008 6:55 PM