The National Investment & Infrastructure Fund (NIIF), India’s largest domestic infrastructure fund, aims to raise $4 billion for infrastructure projects in India. The fund, which includes notable global investors like the Abu Dhabi Investment Authority (ADIA), plans to kick off the fundraising as early as the next year. The new fund is set to surpass NIIF’s Master Fund that closed in December 2020 with $2.34 billion. NIIF is also contemplating the launch of a new private equity fund and is in the process of raising capital for its private markets fund. Key investors such as Singapore’s Temasek Holdings, AustralianSuper, HDFC Bank, ICICI Bank, and Axis Bank are expected to participate in the co-investment commitments.
Infrastructure Fund, Private Equity, Banking, Investment Management,India, United Arab Emirates, Singapore, Australia
https://www.zawya.com/en/wealth/funds/adia-backed-india-infrastructure-investment-fund-plans-to-raise-4bln-i74fadym