Congratulations to National Investment and Infrastructure Fund (NIIF) for the successful closing of its Master Fund, which exceeded the initial fundraising target and includes 2 #SWFs (Abu Dhabi Investment Authority (ADIA) and Temasek) and 4 #PPFs (AustralianSuper, CPP Investments, Ontario Teachers' Pension Plan and PSP Investments), on top of the Government of India, the U.S. International Development Finance Corporation and four other Indian leading institutions.
NIIF Master Fund focuses on operating assets in core infrastructure sectors, primarily transportation and energy, and has already invested in a number of assets including Mumbai Airport and a tollway connecting Bangalore with its airport.
Besides the Master Fund, the NIIF has registered a Fund of Funds, which has already closed commitments from Asian Infrastructure Investment Bank and Asian Development Bank (ADB), and a Strategic Fund. The total AuM of the three vehicles is expected at US$ 4.3 billion.
NIIF exemplifies the new model of hybrid SWFs, mixing LPs and GPs and acting as catalyzers for further #FDI to the hosting country. We expect similar models to arise in the next 10 years around the world #StateOwnedInvestors2030.