National Investment and Infrastructure Fund Ltd (NIIF), India’s sovereign-anchored alternative asset manager, said its NIIF Infrastructure Fund II has raised ₹19,000 crore ($2 billion). The target is to raise ₹30,000 crore ($3.2 billion).

Indias National Investment and Infrastructure Fund (NIIF) has raised $2 billion in the first close of its second infrastructure fund, backed by investors including…

The second fund of NIIF was anchored by the Union government with participation from overseas sovereign funds and Indian financial institutions.

NIIF secures ₹19,000 crore for its second infrastructure fund, achieving over 60% of its ₹30,000 crore target.