India's state-backed infra fund secures $2bn commitment from global, local investors
NEW DELHI: India’s state-backed infrastructure fund has secured commitments worth $2 billion from global and domestic investors, representing more than half of its new fund’s $3.2 billion target, it said in a statement. National Investment and Infrastructure Fund, India’s sovereign-backed alternative asset firm, manages more than $7 billion in equity capital commitments across infrastructure,…
New Delhi - India's state-backed National Investment and Infrastructure Fund (NIIF) has secured commitments worth $2 billion from both global and local investors, accounting for over half of its $3.2 billion new fund target, according to a statement. The fund, managed by the sovereign-backed alternative asset firm, National Investment and Infrastructure Fund, oversees over $7 billion in equity capital across infrastructure, private markets, and climate investments.
With a 49% government stake, NIIF will focus on core infrastructure sectors like energy, transport, and digital infrastructure, while also venturing into emerging areas such as urban infrastructure and electric mobility. The investors in NIIF Infrastructure Fund II comprise prominent entities including Australian Super, CPP Investments, Ontario Teachers' Pension Plan, Temasek Holdings, ICICI Bank, and HDFC Bank.
Additionally, NIIF aims to raise $950 million in co-investment capital, enabling investors to allocate more funds to specific deals in the Indian infrastructure sector.
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