Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
NIIF to launch new $1-B FoF
National Investment and Infrastructure Fund Ltd (NIIF), the state-backed investment fund, plans to launch its second fund-of-funds (FoF) to raise USD 1 Billion to invest in the funds of local asset managers. NIIF's first FoF received commitments of USD 600 million, with an aim to invest in 10 private equity funds managed by fund managers in India. NIIF's portfolio funds would each invest in companies across sectors, including green infrastructure, affordable housing, infrastructure services, agri-business, healthcare and education. So far, FoF Fund I has committed to deploying 90% of its corpus across seven funds, including the latest in Lighthouse India Fund IV AIF, where it proposed to invest INR 400 crore in January. Besides Lighthouse, the first FoF has backed Green Growth Equity Fund, HDFC Capital Affordable Real Estate Fund 2, Multiples Private Equity Fund III, Somerset Indus Healthcare India Fund II, Arpwood Partners Fund I and YourNest Innovative Products VC Fund III.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.