NIIF secures $2 bn commitment from global, local investors

India's National Investment and Infrastructure Fund (NIIF) has successfully secured $2 billion in commitments from both global and domestic investors, according to a recent statement. This represents more than half of the fund's ambitious $3.2 billion target. NIIF, a state-backed alternative asset firm, manages a substantial $7 billion in equity capital across various infrastructure, private markets, and climate investments.

The Indian government holds a 49% stake in the firm. Notable investors include AustralianSuper, CPP Investments, Ontario Teachers’ Pension Plan, Temasek Holdings, ICICI Bank, and HDFC Bank. The fund will focus on core infrastructure sectors such as energy, transport, and digital infrastructure, while also venturing into emerging areas like urban infrastructure and electric mobility.

NIIF plans to raise an additional $950 million in co-investment capital, enabling investors to contribute more funds to specific deals within the Indian infrastructure sector.