NIIF Raises ₹19,000 Crore for Second Infra Fund
The fund drew support from global and Indian institutions and plans to raise another ₹9,000 crore in co-investment capital, NIIF said.
- On Monday, August 31, 2026, the National Investment and Infrastructure Fund Limited reached the first close of NIIF Infrastructure Fund II at $2 billion, representing more than 60 percent of its $3.2 billion target.
- Anchored by the Government of India, the fund secured capital commitments from global institutional investors including AustralianSuper, CPP Investments, the Abu Dhabi Investment Authority , Ontario Teachers' Pension Plan, and Temasek.
- Indian institutional backers include ICICI Bank, HDFC Bank, Axis Bank, Kotak Life Insurance, and HDFC Life Insurance; NIIF expects to mobilize approximately $950 million in co-investment capital for select transactions.
- Sanjiv Aggarwal, Managing Director & CEO of NIIF, said "Infrastructure Fund II reflects the continued confidence of our partners," noting the fund is well positioned to connect capital with high-quality businesses.
- Building on NIIF's predecessor vehicle, which raised $2.3 billion for investments across transport, energy, and digital infrastructure, this fund will expand into emerging themes like urban infrastructure and electric mobility.
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NIIF infrastructure fund raises Rs 19,000 crore at first close
The fund is anchored by the Government of India and backed by a mix of global and Indian institutional investors, including sovereign wealth funds, pension funds, insurance companies and financial institutions.
NIIF raises ₹19,000 crore for second infra fund
National Investment and Infrastructure Fund Ltd (NIIF), India’s sovereign-anchored alternative asset manager, said its NIIF Infrastructure Fund II has raised ₹19,000 crore ($2 billion). The target is to raise ₹30,000 crore ($3.2 billion).
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NIIF Infrastructure Fund II reaches Rs 19,000 crore first close with institutional and government backing
National Investment and Infrastructure Fund Limited (NIIF) reached the first close of NIIF Infrastructure Fund II at Rs 19,000 crore, or approximately USD 2 billion. According to NIFF, the first close represents more than 60 per cent of the overall Rs 30,000 crore target size.
NIIF raises $2 billion towards Infra Fund 2's first close, largest till date
NIIF has raised ₹19,000 crore for the first close of Fund II and is targeting $3.2 billion. The fund will expand beyond core infra into EVs and urban infrastructure, with $950 million for co-investments.
NIIF raises $2 billion for second infrastructure fund; sets target of $3.2 billion
India’s National Investment and Infrastructure Fund (NIIF) has raised $2 billion in the first close of its second infrastructure fund, backed by investors including AustralianSuper, CPP Investments, Temasek and a wholly owned subsidiary of the Abu Dhabi Investment Authority.
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