NIIF is a professional fund manager, anchored by the Government of India along with participation from institutional investors such as ADIA and leading Indian private financial institutions.
Features of NIIF
- The Governing Council is chaired by the Finance Minister of India. It also comprises eminent members from the business, investment and policy sectors. The Council meets annually and provides overall guidance on overall NIIF strategy.
- Collaborative investment platform focused on Indian infrastructure.
- Invest in operating assets, greenfield projects and anchor third party managed funds in core infrastructure and related segments.
- With USD 3 billion commitment from GOI along with commitments from other institutional investors, NIIF has the ability to operate at scale whilst providing long term and patient capital.
- Focus on transportation (roads, ports and airports), energy, urban planning and other infrastructure and allied segments.
Funds Under NIIF
- Master Fund
. Primarily investing in operating assets in core infrastructure sectors such as roads, ports, airports, power etc.
. Invests in mature businesses with long-term track record, often operating in regulated environments or under concession or long-term agreements.
. These businesses are expected to provide predictable inflation-hedged and stable cash flows.
- Fund of Funds
. Invests through India-focused private equity fund managers who have a strong track record of managing investments successfully.
. May also selectively form joint ventures with fund managers.
. Invests in social infrastructure sectors services such as healthcare, education, digital as well as financial services, logistics and consumer services.
- Strategic Fund
. Aimed at growth and development stage investments in projects/ companies in a broad range of sectors that are of economic and commercial importance.
