NDB invests $100 million in fund of funds (FOF) of national investments and infrastructure fund ( NIIF)

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  • This Investment marks new development Bank’s (NDB) first equity investment into india.
    • The Investment aims to support private capital investments in India when indian companies are seeking much – needed equity to achieve their long-term growth.
  • NDB is a multilateral development bank (NDB) established by Brazil,Russia, India,China, and south Africa (BRICS).
    • It’s objectives is to finance infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries.
  • NIIF is a collaborative Investment platform for international and Indian Investors, anchored by the government of India.
    • It is India’s first sovereign wealth fund.
  • NIIF limited manages over USD 4.4 billion of equity capital commitments accross it’s three funds
    • Master fund primarily invests in operating assets in core infrastructure sectors such as transportation and energy.
    • Fund of funds established with the objective of providing homegrown indian private equity fund managers access to an india-focused institutional investor that operates at scale.
    • Strategic oppertunities fund is a private equity fund which aims to build scalable business across a range of oppertunity long but capital short Sectors.

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