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NIIF signed First Investment Agreement with ADIA
October 18 , 2017
2596 days
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- To mobilise long term investment into National Investment and Infrastructure Fund (NIIF), the first investment agreement between NIIF Master Fund and a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA) has been signed.
- As a part of the agreement, ADIA will become the first institutional investor in NIIF’s Master Fund and a shareholder in the NIIF’s investment management Company.
- The Union Government has set up NIIF in 2015 with aim to attract investments from both domestic and international sources for infrastructure development.
- It was envisaged to be Category II Alternative Investment Funds (AIFs) under SEBI Regulations.
- NIIF is claimed to be India’s first sovereign wealth fund and it will also serve as an umbrella fund with several funds underneath it.
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