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Current Fundraising for India-focused Private Equity Funds

by Adam Counihan

  • 31 Jan 2011
  • PE

Preqin data shows that from 2006 to present, USD  31.2 billion in capital has been raised by fund managers focused on investment in India. Of all India-focused private equity funds to close since 2006, real estate funds contributed the most in terms of aggregate capital raised, collecting USD 14.6 billion in investor commitments.

Data from Preqin’s Funds in Market product shows that there are 68 funds with a focus on investment in India currently on the road attempting to raise an aggregate USD 16.1 billion in capital commitments. Growth-stage venture capital vehicles are the most numerous type of fund, accounting for 22 out of the 68 funds on the road and targeting a total of USD 4.2 billion. Private equity real estate funds focused on the region are the next most prolific fund type, with 13 vehicles looking to raise capital commitments of USD 2.3 billion.

The largest of the 68 private equity funds currently seeking capital is Macquarie State Bank of India Infrastructure Fund, from Macquarie Infrastructure and Real Assets currently targeting USD 2 billion in capital commitments. The fund will target investments in Indian infrastructure opportunities with a focus on more traditional infrastructure investments such as roads, sea ports, airports, power generation, transmission and distribution, gas distribution, telecommunications and logistics.

The next largest fund currently seeking capital is Ashmore PTC India Energy Infrastructure Fund, a USD 750 million vehicle currently being raised by Ashmore Investment Management. The Fund will provide equity financing to power projects across all energy-related sectors in India including generation, transmission, distribution, fuel extraction and fuel transport with the intention of taking a stake of up to 30% in a project and plans to invest in 10-12 separate assets

For more information on private equity fundraising please see Preqin's Funds in Market product.

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