INSUBCONTINENT EXCLUSIVE:
NIIF has four funds across different asset classes | Photo: Bloomberg2 min read Last Updated Sep 05 2024 | 10:00 AM ISTBy Preeti Singh and
backed by the Indian government and several global investors, is looking to raise money early next year, the people said, asking not to be
with $2.34 billion, and would mark a restart of activities under a new chief executive officer
NIIF is also raising capital for its private markets fund, and will consider a new private equity fund after the infrastructure fundraise,
direction, Bloomberg earlier reported
It searched for a new leader after its previous chief prematurely stepped down in 2022, and brought on board infrastructure veteran Sanjiv
Indian lenders HDFC Bank Ltd., ICICI Bank Ltd
NIIF expects to collect more capital as co-investment commitments from its backers in this fundraise, according to one of the people
The Master Fund is the largest that invests in infrastructure
The other funds include a private markets fund, a strategic opportunities fund that takes direct stakes in companies, and an India-Japan
infrastructure solutions company
Other investments include renewable energy platform Ayana Renewable Power Pvt and IntelliSmart Infrastructure Pvt, a smart meter platform
The Master Fund is also an owner in Athaang Infrastructure Pvt, which is looking to sell some toll road assets, Bloomberg News
