3i India Infrastructure Fund is looking for road projects to invest $1.2 billion that it raised for Indian infrastructure sector. Supreme Infrastructure BOT Holdings sold 49 per cent stake in its portfolio of four road projects for $ 61 million to 3i India Infrastructure Fund. Including this deal, 3i India Infrastructure Fund has invested $900 million in India, of which almost one-fourth is in roads. 3i also looks to buy stakes in other road developers.Supreme Infrastructure, a Mumbai-headquartered infrastructure developer and construction company, has a portfolio of eight road projects that it is executing under the public-private partnership model on a build-operate-transfer basis.While 3i is looking for investment in road projects, companies like Hyderabad-based IVRCL Assets and Holdings and Nasik-headquartered construction company Ashoka Buildcon are keen to induct strategic investors for the road projects. While some developers are looking at raising funds to finance new projects, others are looking for investors for distressed projects.