Mumbai, India-based Investment firm Quantum Equity Advisors yesterday unveiled a $500 million private equity fund. The new vehicle, dubbed the Q India Fund, will focus on investments in infrastructure projects and companies in India.
According to a finance ministry report, India will need US$500 billion to US$515 billion before fiscal year 2011/12 to upgrade its infrastructure, and 30% of the total spending is expected to come from the private sector.
“This has created a tremendous opportunity for private equity in infrastructure over the coming years," Quantum Equity said in a statement.
Gabriel KurlandBy Gabriel Kurland: On November 12, 2009, the U.K.’s Serious Fraud Office (“SFO”), an independent government department that investigates and prosecutes fraud and corruption cases, announced that it is probing the London-based, Dynamic Decisions Capital Management Ltd., after the matter was referred to it by the Financial Services Authority. More...
Ireland has launched the EUR 26 million ($40 million) Bank of Ireland Seed and Early Stage Equity Fund to invest in startup and early stage companies. More...