National Investment and Infrastructure Fund (NIIF)

National Investment and Infrastructure Fund (NIIF) mind map
Context: $600 m India-Japan Fund
Partnership
NIIF and JBIC
Primary investors
GoI and JBIC
Fund amount: $600 million
GoI: 49%
JBIC: 51%
Focus
Environmental sustainability
Low-carbon emission strategies
Objective
Preferred partner for Japanese investments in India
About
Establishment: 2015
Objective: Maximize economic impact
Focus: Commercially viable projects
India’s first sovereign wealth fund
Setup by: Government of India
Function: Infrastructure sector investment in India
Stake distribution
Indian government: 49%
Others: Foreign and domestic investors
Fund management: Three funds
Registration: Alternative Investment Funds (AIF) with SEBI
Incorporation: Under Companies Act, 2013
Role: Investment manager for NIIF
Governance
Governing Council
Chair: Hon’ble Finance Minister of India
Members: Eminent (corporates, investments, policy sectors)
Meeting frequency: Annually
Role: Guidance on NIIF strategy
Functions
Fund raising
Instruments: Off-shore credit enhanced bonds
Anchor investor participation
Investor servicing
Candidate selection
Companies/institutions/projects
Monitoring: Periodic
Corpus investment
Focus: Asset Management Companies (AMCs)
Type: Private equity
Infrastructure projects
Services: Preparing, advisory

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