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Fund of the Month (Feb'21): National Investment and Infrastructure Fund (NIIF)

1st February, 2021

In December 2020, NIIFL announced that it had officially closed the Master Fund, which is focused on Indian core infrastructure, with USD 2.34 billion in commitments, including two SWFs (ADIA, Temasek), four PPFs (AustralianSuper, CPP, OTPP and PSP), US DFC and a number of domestic investors such as ICICI Bank, HDFC Group, Axis Bank and Kotak Mahindra Life Insurance. The institution is now fundraising for a Strategic Opportunities Fund (direct private equity) and a Fund of Funds, targeting a total to US$ 6 billion AuM. NIIFL is now regarded as a success story that focuses on two critical assets for the country – private equity and infrastructure – with governments around the world keen to emulate the model. We had the pleasure to catch up with its Head of Investor Relations & Partnerships, Ms. Saloni Jhaveri.

Indonesia, A Frontier Ripe for SOI Attention

22nd January, 2021

Indonesia’s plans to encourage FDI in startups through liberalization measures coupled with its new SWF acting as a lightning rod for capital will spur sovereign investor interest in a large swathe of an economy that offers stable growth and huge potential.

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NIIF closes Master Fund with $2.34 billion

23rd December, 2020

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 and 4 PPFs

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