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IDFC Alternatives Ltd. (formerly IDFC Private Equity Company Ltd.) is the private equity arm of Infrastructure Development Finance Co. Ltd. with $3 billion assets under management. It provides growth capital to companies operating in India .The firm seeks to invest in transportation and logistics, oil and gas, power, social infrastructure, urban infrastructure, clean tech, telecom, rural and agriculture infrastructure sectors. It seeks to invest between $20 million to $75 million in its portfolio companies. The company was founded in 2002 and is based in Mumbai, Maharashtra.