Overview
- NIIF announced the first close on Monday, August 31, 2026, raising $2 billion for Infrastructure Fund II with the Government of India supplying 49% of the capital.
- Global and domestic investors including AustralianSuper, CPP Investments, an ADIA subsidiary, Temasek, Ontario Teachers and major Indian banks committed to the first close.
- Alongside the fund, NIIF expects to mobilize about ₹9,000 crore (roughly $950 million) in a separate co‑investment pool that lets investors take direct equity stakes in select deals.
- Fund II will begin deploying into core infrastructure and newer themes such as data centres, electric mobility, urban infrastructure, energy and transport from a pipeline NIIF says is ready.
- The raise builds on NIIF’s prior track record — its first infra fund raised about $2.34 billion and NIIF manages roughly $7 billion in commitments — and could speed project finance, job creation and asset monetization in India’s infrastructure push.