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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

India: Finmin plans $300-mln fund with British help to lure SWFs, pension funds

Posted on 17 June 2013

In an attempt to woo sovereign wealth funds (SWFs) and pension funds to India’s infrastructure debt funds (IDFs), the finance ministry is planning to set up a $300-million ‘feeder fund’ with the help of the UK government.
Sources told FE that a feeder fund, the size of which could be enhanced in future, will be listed on the UK stock exchange, and pool in funds from SWFs and pension funds in order to lend to Indian infrastructure projects at a 3 to 4% interest rate, much lower than the prevailing domestic interest rates……………………………………Full Article: Source


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