NIIF raises ₹19,000 crore for second infra fund
The National Investment and Infrastructure Fund (NIIF) has raised ₹19,000 crore for its second infrastructure fund, targeting a total of ₹30,000 crore. The fund aims to invest in core sectors like energy, transport, and digital infrastructure.
Why it matters
NIIF plays a critical role in bridging the infrastructure funding gap in India by attracting global institutional capital.
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).
“The first close is anchored by the Government of India and supported by a high-quality investor base spanning sovereign wealth funds, pension funds, insurance companies and leading Indian financial institutions,” NIIF said in a statement.
Global institutional investors include 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, it added.
Alongside the Fund, NIIF expects to mobilise approximately ₹9,000 crore ($950 million) in co-investment capital.
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