NIIF Raises ₹19,000 Cr for Second Infrastructure Fund
By Business Desk
National Investment and Infrastructure Fund (NIIF) secures ₹19,000 crore for its second infrastructure fund, surpassing 60% of its target with strong global and domestic investor backing.
The National Investment and Infrastructure Fund (NIIF) has successfully secured ₹19,000 crore (approximately $2 billion) in the initial closing of its second infrastructure fund. This achievement marks over 60% of its ambitious ₹30,000 crore target, drawing significant global and domestic institutional investment.
Fundraising Milestones
This initial close highlights substantial capital mobilization for India’s infrastructure development.
- NIIF has raised ₹19,000 crore ($2 billion) in its first close.
- This represents over 60% of the targeted ₹30,000 crore for the fund.
- An additional ₹9,000 crore ($950 million) in co-investment capital is anticipated.
Diverse Investor Base
The fund is anchored by the Government of India and supported by a robust consortium of high-quality global and domestic institutional investors.
- Global Investors: AustralianSuper, CPP Investments, a subsidiary of the Abu Dhabi Investment Authority (ADIA), Ontario Teachers’ Pension Plan, and Temasek.
- Indian Financial Institutions: ICICI Bank, HDFC Bank, Axis Bank, Kotak Life Insurance, and HDFC Life Insurance.
Leadership’s View on Confidence
Sanjiv Aggarwal, MD and CEO of NIIF, emphasized the strong investor confidence in India’s infrastructure potential.
He stated that Infrastructure Fund II demonstrates NIIF’s capability to deploy long-term capital with discipline, sector expertise, and robust governance. Aggarwal also highlighted that India’s ongoing infrastructure development is creating significant opportunities, effectively connecting global and domestic institutional capital with high-quality businesses.
Building on Past Success
This second fund builds upon the proven success of NIIF’s first infrastructure fund, which previously raised ₹16,000 crore ($2.34 billion).
The first fund invested across diverse sectors, including renewables, transmission, distribution, battery storage, roads, ports, logistics, airports, data centers, and smart metering. NIIF maintains a strong track record of originating, building, operating, and realizing value from infrastructure businesses, including successful exits from various asset classes.
Reinforcing India’s Infrastructure Position
The anticipated additional co-investment capital of ₹9,000 crore will further enable investors to engage in specific large-scale transactions.
This reinforces NIIF’s strategic position as a preferred partner for institutional capital seeking substantial opportunities within the Indian infrastructure landscape.