NIIF raises ₹19,000 crore in first close of second infrastructure fund, backed by Temasek and HDFC Bank
Key Takeaways
- •NIIF raised ₹19,000 crore at the first close of its second infrastructure fund.
- •The amount जुटed exceeds 60% of the fund’s ₹30,000 crore target.
- •The round attracted support from the government, sovereign and pension funds, insurers, and Indian financial institutions.
- •Temasek and HDFC Bank were among the backers in the latest fundraising round.
- •The fund is part of NIIF’s strategy to channel long-term capital into India’s infrastructure sector.
NIIF has raised ₹19,000 crore in the first close of its second infrastructure fund, crossing more than 60% of its ₹30,000 crore target, with support from the government, global sovereign and pension funds, insurers, and Indian financial institutions.
The fundraising builds on NIIF’s first infrastructure vehicle. Backers in the latest round include Temasek, HDFC Bank, and other institutional investors.
The fund is part of the National Investment and Infrastructure Fund’s broader push to channel long-term capital into India’s infrastructure sector, where large, patient capital pools are typically used to support projects that require extended time horizons.
With the first close already above the 60% mark, the remaining fundraising will determine how close the vehicle comes to its stated target as NIIF continues to deepen its pool of domestic and global institutional backing.
