The Edelweiss Infrastructure Yield Plus (EIYP) Fund, managed by Edelweiss Alternative Asset Advisors, has launched its second round of fundraising with the goal of closing on its $750 million target by early 2020, according to the Economic Times India.
The fund plans to invest in roads and energy assets in India.
According to Economic Times India, the fund completed a first close in May with $375 million in commitments from global pension funds, insurance companies and endowments.
The fund is expected to be deployed before December.
In September, EIYP and Global Infrastructure Partners were locked in a competitive bidding process for French utility Engie’s Indian solar portfolio. Engie has 810 megawatts of solar and 280 megawatts of installed wind power generating capacity in India, according to Renewables Now. The companies had valued Engie at