Fund News
Quasi-sovereign fund NIIF to raise $4-B fund
India’s quasi-sovereign fund National Investment & Infrastructure Fund (NIIF) plans to seek about USD 4 Billion in its largest-ever fundraise. NIIF, backed by the Indian government and several global investors, is looking to raise the money early next year. NIIF’s Master Fund closed in December 2020 with USD 2.34 Billion.NIIF will consider a new private equity fund after the infrastructure fundraise.NIIF’s backers, besides the Indian government, include Abu Dhabi Investment Authority, AustralianSuper and Singapore’s Temasek Holdings Pte. Indian lenders HDFC Bank Ltd., ICICI Bank Ltd. and Axis Bank Ltd. are also investors. NIIF expects to collect more capital as co-investment commitments from its backers in this fundraise.
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