The National Infrastructure Investment Fund (NIIF) is a manager that solely invests in Indian infrastructure. The Indian government has 49% stake in NIIF with the rest held by marquee foreign and domestic investors and multilaterals, including ADIA, Temasek, OTPP, AustralianSuper and AIIB. NIIF is structured in three different funds: Master Fund (the largest infrastructure fund in India), Fund of Funds, and Strategic Fund. The fundraising and objectives of each of the funds is different, but the NIIF team is the same.