Project detail - NORTH HAVEN INDIA INFRASTRUCTURE FU

NORTH HAVEN INDIA INFRASTRUCTURE FU

Back to map

Who is our client

FMO has invested in North Haven India Infrastructure Fund (“NHIIF”, the “Fund”), an Indian private equity fund focusing on investments mostly in asset-light infrastructure. The Fund is managed by Morgan Stanley Investment Management Private Limited.

Funding objective

FMO will support establishment of the first India focused infrastructure fund managed by the international and reputable investment division of Morgan Stanley. NHIIF targets to invest significant minority or majority stakes in companies active in three segments: (i) energy and utilities, (ii) mobility and logistics, and (iii) social infrastructure (healthcare, education).

Why we fund this project

The Fund will invest in private companies building physical and societal infrastructure required to enable large groups of population in India to benefit from economic efficiencies as well as improved services and social welfare.

Environmental and social rationale

The Fund’s E&S category is A due to focus on infrastructure in India. Risks associated to these projects are mitigated through the Fund’s ESMS that incorporates requirements to meet domestic E&S requirements in India and Morgan Stanley’s E&S Polices which are based on the best international practices.

Region
Asia
Country
India
Sector
Infrastructure, Manufacturing and Services
Signing date
7/6/2020
Total FMO financing
USD 20 MLN
Fund
FMO
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
A