IDFC Alternatives, the alternative asset management arm of India-focused infrastructure financing company IDFC, has reached the final close for India Infrastructure Fund II (IIF II) at its hard cap of INR55 billion (approximately US$900 million). The fund received commitments of US$90 million from IDFC and US$810 million from third-party limited partners, including global institutional investors from North America, Europe and the Middle East. IIF II will invest in both under-construction and operational core infrastructure assets in India.