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National Investment And Infrastructure Fund

National Investment And Infrastructure Fund:

The NIIF has invested $200 million in iBUS Network and Infrastructure Pvt Ltd., a connectivity technology firm, to support the growth of India’s digital infrastructure.

  • National Investment and Infrastructure Fund (NIIF) is a fund manager that invests in infrastructure and related sectors in India. It is India’s first-ever sovereign wealth fund (SWF), which was set up in 2015.
  • It is a collaborative investment platform for international and Indian investors with a mandate to invest equity capital in domestic infrastructure.
  • It invests across asset classes such as infrastructure, private equity, and other diversified sectors in India, with the objective of generating attractive risk-adjusted returns for its investors.
  • It invests in greenfield (new), brownfield (existing), and stalled projects.
  • NIIF is 49% owned by the Indian government and has more than $4.9 billion in assets under management, making it the country’s biggest infrastructure fund. It benefits from its association with the Government yet is independent in its investment decisions.
  • It is majority-owned by institutional investors and managed professionally by a team with experience in investments and infrastructure.
  • The funds are registered as Alternative Investment Fund (AIF) with the Securities Exchange Board of India (SEBI) and are currently raising capital from domestic and international institutional investors.