Ex-Coca-Cola execs launch $1bn Indian infrastructure fund

A fund established by US hedge fund Fursa, Indian infrastructure financing company SREI and Indian holding company Prima Donna will be led by Sanjiv Gupta, former Coca-Cola India CEO.

Former Coca-Cola India head Sanjiv Gupta will lead a $1 billion (€628 million) Indian infrastructure fund for Vision Global Investments, a managment company established by Fursa Alternative Strategies, SREI Infrastructure Finance and Prima Donna Global Holdings.

Following his chief executive role at Coca-Cola, Gupta was a managing director for Indivision Capital, a Future Group-promoted, consumer-centric private equity fund that invests in India.

All three founders of Vision Global are committing capital to the fund, but Debesh Nanda, a managing director at Vision Global and head of its Bahrain operations, declined to disclose how much. Nanda is also a former director of financial strategy at Coca-Cola.

Nanda said that the Vision Global Infrastructure Fund is a “multi-sector and multi-stage fund” that will invest in everything from power, telecom and oil and gas to roads, ports, railways, airports and logistics.

The fund will see a first close in June this year and is expected to close on $1 billion latest by the end of this year, he said.

Prima Donna is a holding company set up by Indian management professionals based out of the Middle East, Singapore and India and headed by former chief executive officer of Coca-Cola South Asia, Sanjiv Gupta.

SREI Infrastructure is a non-banking infrastructure financing institution in India whose core services include equipment finance, infrastructure project finance and renewable energy equipment finance.

Fursa Alternative Strategies is a US-based hedge fund sponsor that also invests in public equity, fixed income and private equity globally.