NIIF raises $2 billion for second infrastructure fund; sets target of $3.2 billion
India’s National Investment and Infrastructure Fund (NIIF) has raised $2 billion in the first close of its second infrastructure fund, backed by investors including AustralianSuper, CPP Investments, Temasek and a wholly owned subsidiary of the Abu Dhabi Investment Authority.
The National Investment and Infrastructure Fund (NIIF) in India has successfully raised $2 billion for its second infrastructure fund, with marquee investors including AustralianSuper, CPP Investments, Abu Dhabi Investment Authority, and Temasek. This achievement marks the first close of the fund, demonstrating the confidence of partners in India's infrastructure potential and NIIF's ability to deploy long-term capital with discipline, sector expertise, and strong governance.
NIIF's Managing Director & CEO, Sanjiv Aggarwal, expressed gratitude to the Government of India, the anchor investor, and global and Indian partners for their continued trust. NIIF manages $7 billion in capital across various investment strategies, including infrastructure, private markets, growth equity, and climate investments.
The second infrastructure fund aims to build on NIIF's strong performance and operating capabilities, pursuing significant opportunities to deploy capital where the fund can bring sector expertise, operating capability, and execution at scale. The Indian government has contributed 49% of the capital raised, totaling $2 billion.
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