Indian PE unit to launch $500m infrastructure fund

The private equity arm of Indian infrastructure leasing and financial services group IL&FS has begun soft-marketing for a new fund with a $500 million target in what would be its first launch for six years. Archana Hingorani, chief executive of IL&FS Investment Managers, said the opportunity to raise money in India’s infrastructure market had arrived after a testing period post the global financial crisis. The previous peak period for fundraising in India was 2005-09. “I…