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IDFC Alternatives to exit some infrastructure investments

unit IDFC Alternativesplans to exit several of its infrastructure investments to return capital toinvestors, Mint reported July 13,citing the unit's CEO, M.K. Sinha.

The assetmanager may completely or partially exit several of its investments through theIndia Infrastructure Fund, its first infrastructure fund, which was raised in2009. The planned withdrawal would allow the fund to return more than half theUS$927 million of capital it raised from limited partners or investors inprivate equity funds.

Sinhasaid the fund has already returned about 20% of its corpus to investors. Itaims to return about US$500 million to US$600 million once it exits from someof its investments.

InIndia, private equity managers have better prospects of raising another fund ifthey are able to return investors' money in seven years, the report said.