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AltAssets is the private equity news and research service from Almeida Capital
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PRINT THIS PAGE Vision Global Investments establishes $1bn infrastructure fund for India18/04/2008. Source: AltAssets. 
Vision Global Investments, along with Indian financial firms SREI Infrastructure Finance and Primadona Global Holdings, has launched an India-focused infrastructure fund with a $1bn target. The fund is seeking institutional investors from the US, Europe and selectively from the Middle East, Southeast Asia and Japan, the firm said.
Thomas J Lynch, CEO, VGI, said, 'From an investment perspective, the current opportunity within India is enormous. The need for responsible private investment in conjunction with the Indian government's strong commitment to infrastructure development is essential for India to satisfy the needs of their expanding economy.'
SREI supplies infrastructure finance and has an asset base of some $1.625bn. The company finances infrastructure, construction and mining equipment and renewable energy systems.
The announcement follows 3i's recent closing of its $1.2bn 3i India Infrastructure Fund and Macquarie's launch of a $2bn infrastructure fund for India.
Copyright © 2008 AltAssets
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