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NIIF Raises $2 Billion Towards Infra Fund 2'S First Close, Largest Till Date
(MENAFN- Live Mint) India's sovereign-backed private investor National Investment and Infrastructure Fund Ltd. (NIIF) has raised ₹19,000 crore, or $2 billion, in the first close of its NIIF Infrastructure Fund II from large global and domestic institutional investors.
The firm is targeting $3.2 billion in total commitments and expects some of its marquee investors to allocate an additional $950 million towards co-investment opportunities, it said in a statement.
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