Morgan Stanley raises $300 million for India focused infrastructure fund
Morgan Stanley’s India focused infrastructure fund is expected to make a formal first close soon. Photo: Bloomberg
MUMBAI: Morgan Stanley has raised close to $300 million in commitments for its India-focused infrastructure fund and is expected to make a formal first close soon, two people aware of the development said.
The fund is Morgan Stanley’s maiden India-dedicated infrastructure fund.
“Morgan Stanley, which has been in the market for sometime now for raising this fund, has managed to raise commitments to the tune of close to $300 million so far, which will help it make a first close soon and thus start deploying capital,” said one of the two people cited above, requesting anonymity.
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