US-based infrastructure investor Global Infrastructure Partners will raise an India-focussed fund early next year, a top company executive said.
MK Sinha, managing partner and co-head of GIP India, told the financial daily Mint that the firm will invest in buyout opportunities.
Sinha said GIP will also explore equity partnerships with global infrastructure developers and operators looking to enter India.
GIP is an infrastructure fund manager. It manages over $51 billion for its investors, according to its website.
Sinha was earlier managing partner and chief executive at IDFC Alternatives. GIP had completed the acquisition of the infrastructure asset management business of IDFC Alternatives in July.
The infrastructure portfolio of IDFC Alternatives comprised two funds--the India Infrastructure Fund and India Infrastructure Fund II.
The first fund had raised $927 million in 2009 while the second fund mobilised $900 million in 2014.
The report said that GIP has put the acquired assets under four platforms--roads, renewable energy, telecom towers and rail freight terminals.
Sinha said GIP wants to monetise road platform Highway Concessions One Pvt. Ltd before launching the new fund.
Earlier this week, Mint reported that Canadian pension fund CDPQ was among the investors who had shown interest in the roads platform.
Highway Concessions One manages seven road assets, according to its website.
