Alpha Alternatives Fund Advisors has successfully raised $450 million in the first close of its Alpha Alternatives Build India Infrastructure Fund (AABIIF), aiming for a total of $750 million. This SEBI-registered Category II alternate investment fund will focus on road assets across India, including various stages of projects. Naresh Kothari, the Founder, emphasized a new approach to real asset investing, targeting high-quality road infrastructure to enhance economic growth. Partner Kaushal Biyani noted that this fund is their third in the Illiquid Alternatives space within 18 months, raising total commitments to over $1.25 billion in this sector.