The National Investment and Infrastructure Fund Limited (NIIF), India's sovereign-anchored alternative asset manager has raised Rs 19,000 crore as the first close for its Rs 30,000 crore NIIF Infrastructure Fund II.
The first close is anchored by the government of India and also saw participation from sovereign wealth funds, pension funds, insurance companies and leading Indian financial institutions.
The global institutional investors included - AustralianSuper; CPP Investments; a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA); Ontario Teachers' Pension Plan; and Temasek; alongside leading Indian institutions including ICICI Bank, HDFC Bank, Axis Bank, Kotak Life Insurance and HDFC Life Insurance.
A statement noted that this fund raise reflects the strong institutional investor confidence in India’s long-term infrastructure opportunity and NIIF’s investment strategy.
NIIF manages over $7 billion in equity capital commitments across four strategies - Infrastructure, private markets, growth equity and climate investments.
