IFCI is rolling out an infrastructure fund worth $500 million, Money Control reports. The financial institution is setting up the portfolio in partnership with global investment firm Sycamore Ventures. IFCI is the principal sponsor to the portfolio and has committed to invest 10% of the fund’s total capital.
The fund will raise capital from domestic and global investors and will be registered as a venture capital fund. Foreign subscribers will invest in the portfolio through a Mauritius fund, while domestic subscribers will make investments directly.
Click here for the story from Money Control.