Morgan Stanley's Global Infrastructure Fund will invest $200 million for an equity stake in the Indian arm of privately held Spanish construction firm Isolux Corsan, the Economic Times newspaper said in a report on Saturday. The $4 billion fund, which was raised in May 2008, will invest in Isolux, which builds roads in north India, the paper quoted people familiar with the development as saying.
In 2010, it had teamed up with Goldman Sach's Infrastructure Fund, General Atlantic, Norwest Venture Partners and Everstone Capital to invest $425 million in Asian Genco, a Singapore-headquartered fund, which owns power plants in India. Officials at the Morgan Fund and the company declined comment on the newspaper report.
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