NIIF in talks with investors to raise $2-B private credit fund

The government-backed National Investment & Infrastructure Fund (NIIF) is planning to raise a USD 2 Billion private credit fund. The fund is in talks with sovereign investors to secure participation.NIIF, established in 2016, operates across four asset classes including infrastructure and a climate business operating in the energy transition space.It is 49% owned by the Indian government, while 51% is owned by sovereign wealth and pension funds such as Canada’s Ontario Teachers’ Pension Plan (OTPP), Australia’s AustralianSuper, the UAE’s Abu Dhabi Investment Authority (ADIA) and Singapore’s Temasek.