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News Roundup: L&T Infra Finance to launch $500M debt fund

29 April, 2013

Non-banking finance company L&T Infrastructure Finance is launching its maiden debt fund, joining a number of private equity firms that have set up infrastructure dedicated funds in recent months. The $500-million (INR 2,708 crore) debt fund will look to invest in distressed assets, particularly in the roads segment. The firm also invests in renewable energy, power and urban infrastructure projects. In March, the Kotak Mahindra Group announced the first close of its Core Infrastructure India Fund at $90 million (Rs 490 crore), after receiving commitments from Japan’s Sumitomo Mitsui Banking Corp and an affiliate of Brookfield Asset Management. (The Economic Times)

Helion targets $25 million investment: India focused Venture Capital firm Helion is looking to provide support to the business initiatives of Pune based entrepreneurs with an investment of $25 million (INR 135 crore). In helping manage rapid growth, the company, would participate in future rounds of financing in syndication with other venture partners. (The Times Of India)

 

Courtesy: VCCEdge

 

 


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News Roundup: L&T Infra Finance to launch $500M debt fund

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