India: National Investment and Infrastructure Fund Phase I

approved

Since infrastructure investments require long-term, patient capital, the Government of India anchored the establishment of the National Investment and Infrastructure Fund Ltd (NIIFL), a fund manager that manages investments in infrastructure and related sectors in India. NIIF Limited manages over USD 4.3 billion of capital commitments across its three funds - Master Fund, Fund of Funds and Strategic Opportunities Fund, each with its distinct investment strategy. The Fund of Funds, registered with the Securities and Exchange Board of India (‘SEBI') as NIIF Fund of Funds- I (Fund ), is in a unique and strong position to provide fillip to funds dedicated to infrastructure and related sectors in India. The Investment Strategy of the Fund is to focus on achieving appropriate diversification to earn superior risk adjusted returns through allocation across sub-funds managed by best-in-class fund managers with an India-focused investment strategy with varying sectoral, product (equity, mezzanine, debt) and investment styles (early stage, growth, control, minority). The Fund's sectors of focus include but are not limited to green infrastructure, mid-income/affordable housing, infrastructure services, social infrastructure, urban infrastructure, industrials and telecommunications.