Morgan Stanley India infrastructure fund to raise capital from Dutch development bank FMO

An India-focused private equity (PE) fund managed by global investment firm Morgan Stanley is set to raise capital from Dutch development bank FMO. North Haven India Infrastructure Fund (NHIIF), which focuses mostly on asset-light infrastructure, will raise Euro 15 million ($16.2 million or Rs 1.24 billion at the current exchange rate). The NHIIF seeks to make significant minority or majority stake acquisitions in companies active in segments such as energy and utilities, mobility and logistics, social infrastructure and healthcare.