PRINT THIS PAGE Australian AMP Capital and the Asian Development Bank launch Indian infrastructure fund17/02/2004. Source: AltAssets. 
 Australian AMP Capital Investors has joined forces with the Asian Development Bank (ADB) to launch a fund to invest in non-listed securities of companies that develop or own infrastructure facilities in India. The fund is targeting $100m and has a cap of $125m.
'We are delighted to be partnering with ADB on this significant investment initiative,' said Phil Garling, AMP Capital Investors' head of infrastructure Asia Pacific. 'AMP Capital; brings previous experience in Indian infrastructure investment to this partnership, having launched a similar fund in November 1999. Our first infrastructure fund in India has generated strong returns since inception and recently completed its first partial exit through the float of Indraprastha Gas.'
The fund will target investment opportunities in a wide range of sectors including power, transport, telecommunications and urban facilities. ADB and AMP Life are the initial investors in the fund with commitments of up to $15m and $30m respectively.
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