IIF II fully subscribed at USD 900 million
IDFC announced that IDFC Alternatives (a wholly owned subsidiary of IDFC) has closed India Infrastructure Fund II (IIF II) at its hard cap of INR 5,500 crore (approx. USD 900 million). This includes a commitment of USD 90 million from IDFC and remaining USD 810 million from third party Limited Partners.IIF II is the successor to IDFC Alternatives' debut infrastructure fund - India Infrastructure Fund, which closed on June 2009 with a fund size of USD 927 million from Indian and International institutional investors.
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