IDFC Capital to market fund of private-equity funds in Singapore

Sep 10, 2009

India's Infrastructure Development Finance Company (IDFC) seeds the emerging-market FoPEF with $50 million.

IDFC Capital (Singapore) is about to begin marketing a fund of private-equity funds that will focus on Asian and emerging-market portfolios. Its parent company, Mumbai-based Infrastructure Development Finance Company (IDFC), is stumping up $50 million to get the ball rolling, and IDFC Capital (Singapore) hopes to raise up to $500 million.

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