Fund News
NIIF raises Rs.19,000-Cr in first close for Infrastructure Fund II
Mumbai-based NIIF has raised INR 19,000 Cr in the first close of its NIIF Infrastructure Fund II. The round is anchored by the Government of India and includes participation from AustralianSuper, CPP Investments, a wholly owned subsidiary of the Abu Dhabi Investment Authority, Ontario Teachers' Pension Plan, Temasek, ICICI Bank, HDFC Bank, Axis Bank, Kotak Life Insurance, and HDFC Life Insurance.NIIF is a sovereign-anchored alternative asset manager that oversees over USD 7 Billion in equity capital commitments. The firm intends to use the capital to invest in core infrastructure sectors such as energy, transport, and digital infrastructure, while also expanding into urban infrastructure and electric mobility.
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