NIIF raises Rs 19,000 cr as first close in second fund

The National Investment and Infrastructure Fund Limited (NIIF), India's sovereign-anchored alternative asset manager has raised Rs 19,000 crore as the first close for its Rs 30,000 crore NIIF Infrastructure Fund II. The first close is anchored by the government of India and also saw participation from sovereign wealth funds, pension funds, insurance companies and leading Indian financial institutions. The global institutional investors included - AustralianSuper; CPP Investments; a wholly owned