Mumbai, Jun 6 (UNI) SREI Infrastructure Finance Ltd today launched Rs 10,000 million India Global Competitive Fund (IGCF) to facilitate financing in instruments like equity, equity-linked instruments and mezzanine debt.

The fund to be offered through private placement up to Rs l,000 crore will have a minimum contribution of Rs 50 crore from each contributor. Out of the total corpus Rs 2,200 million has already been committed by various banks and institutions. IGCF is a close-ended fund with a tenure of ten years and the contributors' commitment period has been fixed at three years beginning from the date of the final closing.

The fund would be managed by Srei Venture Capital Ltd (SVCL), a wholly owned subsidiary of the Company. SVCL has constituted an Investment Committee, which would take all investment decisions. All investments would be subject to the guidelines adopted by the Investment Committee.