Srei is planning to raise $500 million for a venture capital (VC) fund from global investors, Economic Times reports. The Indian infrastructure finance company will use the money for its domestic longer-gestation infra projects, which have already started.
It's subsidiary Srei Venture Capital will raise the money for the firm. Srei will target high net worth individuals, pension funds, endowment funds and fund of funds to raise the money. The fundraising is expected to be finished by mid-2012.
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