The North Haven India Infrastructure Fund, which focuses on private equity infrastructure investments in India, has secured an additional $104.25 million in committed capital.
The closed-end private equity fund is managed by Morgan Stanley, a New York–based global infrastructure investment firm. An SEC Form D filed by Morgan Stanley on May 15 revealed that eight investors are involved in the offering to date.
Morgan Stanley is looking to raise $750 million of equity capital for its maiden India-focused infrastructure fund.
According to Mint, the firm had raised close to $300 million in commitments before its first close in June 2018. It was expected to close at $400 million to $500 million.
The fund aims to invest in roads, airports, ports, power plants, as well as healthcare, telecom and education in India, according to The Economic Times, a Mumbai-based news source.