ADIA-Backed India Fund to Seek $4 Billion for Infrastructure
- Fundraise would be much larger than predecessor Master Fund
- Plans signal a restart of activities under a new CEO
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India’s quasi-sovereign fund plans to seek about $4 billion in its largest-ever fundraise, according to people with knowledge of the matter, amid the government’s drive to upgrade infrastructure across the country.
The National Investment & Infrastructure Fund, backed by the Indian government and several global investors, is looking to raise money early next year, the people said, asking not to be identified discussing private information.