IL&FS Private Equity plans to take its current infrastructure investment of $660 million to close to $1 billion by the end of this financial year. The fund company is looking for a number of deals both in the infrastructure and real-estate space
IL&FS Private Equity plans to take investments in the infrastructure sector from the current $660 million to around $1 billion by the end of this financial year. On the real-estate front, the company already has investments of around $1.6 billion. The fund company is also looking at a number of deals both in the real estate and infrastructure segments.
"We will invest close to a billion dollars in infrastructure as well by about the end of this financial year," said Shahzaad Dalal, vice chairman, IL&FS Investments Managers Ltd.
In infrastructure, the company expects to complete full deployment of this $660 million by the end of this year. The infrastructure fund is spread across Asia and will be looking at investments in China and Malaysia. At present, partial deployment of the fund has already taken place.
In real estate, the company currently has raised funds worth $1.6 billion, of which $1.2 billion has been spent on more than 30 deals. The company is now actively looking at around 10 more deals. The remaining deployment of $0.4 billion is likely to be completed by the year end. These are expected to be mainly in the residential space, with a couple of commercial deals.
Mr Dalal is highly bullish on the opportunities available in both the infrastructure and real-estate segments. "The outlook is fairly bullish on both real estate and infrastructure. We believe there are a lot of opportunities. There may not be many good projects, but because of our reach and reputation, we do see some really good projects," he said.
IL&FS Private Equity has exposure across various segments in the infrastructure sector-ports, roads, power, logistics and others. Mr Dalal is positive on the power sector, despite the huge investments that have already happened in the energy space. "The power sector still looks good. I don't think we will catch up with our demand requirements for the next four or five years," said Mr Dalal.
The company's most recent deal in the real-estate segment was through IL&FS Milestone Fund in HCC's real-estate project '247 Park' for Rs575 crore for a 74% stake.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
