UK-listed private equity group 3i has signalled its confidence in the Indian market by concluding fundraising for a dedicated Indian infrastructure fund having garnered $1.2bn (â¬753m) in commitments, 20% more than it had planned.
The fund, which initially aimed to raise $1bn, is now the third largest India-focused fund behind $1.25bn vehicles from venture capital firms ChrysCapital and Urban Infrastructure Venture Capital, according to research house Private Equity Intelligence.
