India: North Haven India Infrastructure Fund (Previously: India Infrastructure Fund)

approved

The Fund's investment strategy is to invest in infrastructure platforms and infrastructure services companies with high growth potential that derive their revenues principally from India. The targeted investments cover a number of sectors, including the following examples and related sectors: Energy and utilities (e.g. renewable energy, electric transmission and distribution networks, water and wastewater systems, smart cities, etc.). Transportation and logistics (e.g. roads, airports, bridges, tunnels, ports, railways, waterways, intermodal systems linking various transport modes, urban transport, logistics and logistics related infrastructure, etc.). Other sectors including telecommunications, broadband, urban PPP projects, healthcare and education. The Fund will seek to invest in portfolio companies that support and benefit from overall growth in India's infrastructure development and will target a market rate of return reflecting the risks of the investment, principally through long-term capital appreciation. All investments by the Fund will be guided by an assessment of government policies and prospects for private sector infrastructure investment. The Fund seeks to identify and partner with capable, trustworthy sponsors and management teams. The Fund achieved final closing with USD187.55 million of committed capital on July 6, 2020. The Bank's commitment to the Fund is USD37.51 million.