TOKYO — India’s government-backed National Investment and Infrastructure Fund (NIIF) is doubling down on the Indian private equity market, hoping the country’s rapid economic growth will fuel more interest from a wide range of investors across Asia, as it gets ready to launch a $1 billion successor fund.
NIIF is India’s government-backed alternative asset manager. Along with New Delhi, the Japan Bank for International Cooperation (JBIC), as well as the Abu Dhabi Investment Authority (ADIA), are investors. The NIIF manages various funds across strategies including infrastructure and climate. Combined assets under management (AUM) reach nearly $5 billion.
