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NIIF raises ₹19,000 crore in first close of second infrastructure fund

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NIIF raises ₹19,000 crore in first close of second infrastructure fund

Home / Economy / News / NIIF raises ₹19,000 crore in first close of second infrastructure fund

The first close, anchored by the Government of India and backed by global and domestic institutional investors, surpasses 60 per cent of the fund's target size

Sudheer Pal Singh 2 min read Last Updated : Aug 31 2026 | 3:41 PM IST

The National Investment and Infrastructure Fund (NIIF) announced it has raised Rs 19,000 crore (around $2 billion) in the first close of its second infrastructure fund, surpassing 60 per cent of its Rs 30,000 crore target size.

The alternative asset manager said in a statement that the first close is anchored by the Government of India and supported by a high-quality investor base spanning sovereign wealth funds, pension funds, insurance companies and leading Indian financial institutions.

"Global institutional investors include AustralianSuper; CPP Investments; a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA); Ontario Teachers' Pension Plan; and Temasek; alongside leading Indian institutions including ICICI Bank, HDFC Bank, Axis Bank, Kotak Life Insurance and HDFC Life Insurance," NIIF said.

Alongside the fund, NIIF expects to mobilise around Rs 9,000 crore ($950 million) in co-investment capital, enabling investors to participate at scale in select transactions and further deepening NIIF’s role as a partner of choice for institutional capital seeking exposure to Indian infrastructure.

“Infrastructure Fund II reflects the continued confidence of our partners in India’s infrastructure opportunity and in NIIF’s ability to deploy long-term capital with discipline, sector expertise and strong governance," said Sanjiv Aggarwal, managing director and chief executive officer, NIIF.


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NIIF raises ₹19,000 crore in first close of second infrastructure fund | TheMorningPulse.fyi