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February 14, 2007

INDIA: Atherstone to raise $1b fund for infra, $325 m for realty

Source: The Economic Times

ANTO T JOSEPH

MUMBAI: Atherstone India Invest (AII), an asset management and business advisory firm dedicated to European and Indian cross investment ventures, is raising two funds — an infrastructure fund of $1 billion and an exclusive real estate fund of E 250 million, thanks to numerous European pension funds and insurance companies that are increasingly hungry for India's infrastructure and real estate sectors.

AII is a joint venture between the Atherstone Group based in Mumbai and Switzerland-based India Invest. Company officials said AII is promoting commercial ties between India and Europe through India-focused funds, business consulting and merger and acquisition advisory.

Full story...

Posted by pichu at February 14, 2007 10:20 PM