The fundraise represents over 60 per cent of NIIF’s targeted ₹30,000 crore under its investment strategy
National Investment and Infrastructure Fund, a sovereign-anchored alternative asset manager, has announced the first closure of NIIF Infrastructure Fund II at ₹19,000 crore. The fundraise represents over 60 per cent of the targeted ₹30,000 crore under NIIF’s investment strategy.
The issue attracted investment from global institutions including AustralianSuper; CPP Investments; a wholly owned subsidiary of the Abu Dhabi Investment Authority; Ontario Teachers’ Pension Plan; and Temasek; alongside leading Indian institutions including ICICI Bank, HDFC Bank, Axis Bank, Kotak Life Insurance and HDFC Life Insurance.
Alongside the Fund, NIIF expects to mobilise about ₹9,000 crore in co-investment capital, enabling investors to participate at scale in select transactions as a partner of choice for institutional capital seeking exposure to Indian infrastructure.
Infrastructure Fund II builds on NIIF’s first infrastructure fund, which raised ₹16,000 crore and has invested across renewables, transmission, distribution, battery storage, roads, ports and logistics, airports, data centres and smart metering.
Sanjiv Aggarwal, Managing Director & CEO, NIIF said the Infrastructure Fund II reflects continued confidence of partners in India’s infrastructure opportunity and in NIIF’s ability to deploy long-term capital with discipline, sector expertise and strong governance.
India’s infrastructure build-out is creating opportunities at scale, and NIIF is well positioned to connect global and domestic institutional capital with high-quality businesses, he said.
Vinod Giri, Managing Partner, Infrastructure, NIIF said the second infrastructure fund builds on the strong performance and operating capabilities established through the first fund.
