PE IIF is looking at making a first close of $300 million in the next few months.

Shailesh Pathak, who was till recently a senior director at ICICI Ventures, has joined PE Indian Infrastructure Fund (PE IIF) as managing director.

The India-dedicated fund is sponsored by two Europe based financial groups Principle and Europa. The sponsors have $1 billion under management coupled with $2 billion under fund administration services. PE IIF will be their first India fund while the sponsors have previously set up two infrastructure funds in Africa.

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Posted by rjorr at September 9, 2009 8:24 AM