Overview

The Fund Manager has been established and operating since mid 2016

Andhra Pradesh Urban Infrastructure Asset Management Limited (“APUIAML”) has been established as a Fund Manager for APUDF.

APUIAML is a joint venture between Government of Andhra Pradesh and IL&FS Group.

GoAP holds 49% stake in the venture and IL&FS Investment Managers Ltd (“IIML”), a 100% subsidiary of IL&FS Group holds 51% stake.

APUIAML will perform the roles of project development, fund management and project management as well as capacity building of the project companies, an end to end proposition to deliver value for both the State and the Investors.

The value creation is being targeted using following channels:

  • For each Investment, a comprehensive asset management program will be put in place.
  • Introduce at SPV/ ULB level - operational efficiencies, strengthened internal controls, bring in best practices, optimise financing.
  • Structure projects to be bankable, reduce operating losses and contribution by Government/ ULB and leverage Government Grants.
  • Manage projects on an arm's length basis with strong conflict management processes.