Piramal Enterprises Ltd (PEL) and APG Asset Management strategic alliance recently announced a target investment of $1 billion. PEL and APG have each initially committed $375 million for investments under the strategic alliance.

According to Dick Sluimers, CEO, APG, this strategic pool of capital will focus on operational and near completion projects with limited execution risks and high visibility of cash flows coming from a portfolio of projects.

The access to this source of capital will enable infrastructure players in India to retain their equity interest in the assets, while raising long term capital to help them complete their on-going infrastructure projects and enhance shareholder value.