LPs seek co-investment with IDFC
LPs were clear in what they wanted from IDFC Alternatives. Alongside commitments to the Indian GP's latest infrastructure fund there was a strong desire for co-investment. As a result, the $900 million corpus of the recently closed India Infrastructure Fund 2 is supported by a further $800 million that will go into deals on a zero-fee basis.
It is just as well IDFC is more bullish in its outlook. "Fund I closed in 2008 and in those early days we were reluctant to make huge bets on a single deal," says M.K. Sinha, managing partner and CEO at...
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