NIIF Makes its First Investment Partnered with DP World
Posted on:24 Jan 2018 11:26:01
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24 January 2018 Current Affairs: The National Investment and Infrastructure Fund (NIIF) made its First investment. NIIF has partnered with DP World to create an investment platform for ports, terminals, transportation and logistics businesses in India.
The first close of the NIIF Master Fund took place in October 2017 with contributions from a subsidiary of Abu Dhabi Investment Authority (ADIA) and four Domestic Institutional Investors (DIIs), namely HDFC Group, ICICI Bank, Kotak Mahindra Life and Axis Bank. An India-UK Green Growth Equity Fund (GGEF) is also being set-up under the fund of funds vertical of NIIF and shall have anchor commitments of GBP 120 million each from Government of India (through NIIF) and Government of UK.
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