SBI Macquarie Infrastructure Trust (“SMIT” or the “Fund”) is an unlisted fund with INR 11,871 million of committed capital. SMIT is an unlisted private equity style infrastructure fund and provides its investors (located in India) with access to the growing number of investment opportunities available to the private sector in India’s infrastructure and infrastructure-like assets.
SMIT is managed by a joint venture established in 2008 between State Bank of India (SBI), Macquarie Capital Group Limited (Macquarie) and International Finance Corporation (IFC). The manager of SMIT is SBI Macquarie Infrastructure Management Private Limited (“SMIMPL” or “the Manager”).
IFC, a member of the World Bank Group, is a minority shareholder in SMIMPL.
SMIT was closed to investors in March 2011 and is not open to new commitments.