IDFC Project Equity leverages the strength of the IDFC platform to invest in infrastructure projects in India. President and chief executive officer MK Sinha explains the strategy.
Can you introduce the fund
IDFC Project Equity manages a $927 million fund focused on Indian infrastructure. We raised the fund in 2008 primarily from investors in North America and Europe. We have 12 limited partners who have made significant commitments. Around $300 million came in bite sizes less than $25 million, routed through a feeder fund vehicle. We raised 12-year money, extendable by three years.
The investment manager, IDFC Project Equity, is a wholly owned subsidiary of IDFC. IDFC is an infrastructure-focused Indian financial institution with...