Mumbai, Apr 6 (UNI) IDFC Private Equity, the private equity arm of IDFC, has raised USD 430 million (Rs 1,900-crore), primarily from overseas investors in its second fund christened, IDFC Private Equity Fund II.
Addressing journalists here today, IDFC Private Equity Fund, CEO, Luis Miranda, said that the fund has mainly overseas investors.The first fund, which closed in 2004, was for USD 190 million (Rs 840-crore).
IDFC Private Equity, a 100 per cent subsidiary of IDFC, is today the largest private equity fund focussed on infrastructure in India with a corpus of USD 620 million (Rs 2,740-crore) and manages two funds--India Development Fund and IDFC Private Euqity Fund II.
''IDFC Private Equity has been able to attract some of the leading global institutional investors, who account for 75 per cent of the total capital commitments in the fund,'' Mr Miranda said.
Informing that the fund would investe in two projects by this month-end, Mr Miranda said that these investments would be in the healthcare and real estate segments.''In real estate, our investments will be in projects involving setting up integrated townships,'' he added.
IDFC Private Equity has divided infrastructure into seven baskets which are power, oil and gas, transportation, telecom, urban infrastrucure, rural infrastructure and miscellaneous which covers segments such as healthcare and education.
Its portfolio presently includes GMR Energy, Gujarat State Petroleum, Hotel Leelaventures, Chalet Hotels, Gujarat Pipavav Port and Delhi International Airport.
UNI JJ PP AW1752