India : NIIF Fund of Funds-I
Project Details
-
Project Officer
Mahmud, Farshed
Private Sector Operations Department
Request for information -
Approval Date
23 August 2019 -
Country/Economy
India -
Sector
- Finance
| Project Name | NIIF Fund of Funds-I | |||||
| Project Number | 53288-001 | |||||
| Borrower / Company | National Infrastructure and Investment Fund |
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| Country / Economy | India |
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| Location | Nation-wide | |||||
| Type or Modality of Assistance |
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | Partnerships Private sector development |
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| Sector / Subsector | Finance / Finance sector development |
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| Gender | Some gender elements | |||||
| Responsible ADB Department | Private Sector Operations Department | |||||
| Responsible ADB Division | Private Sector Investment Funds & Special Initiatives Div | |||||
| Responsible ADB Officer | Mahmud, Farshed | |||||
| Project Sponsor(s) | ||||||
| Description | ||||||
| Objectives and Scope | An equity investment of up to INR equivalent of $100 million in NIIF Fund of Funds-I (the _Fund_ or the _FoF_), a targeted INR 65 billion (approximately $1.0 billion) private equity fund of funds focused on investing in up to 10 private equity funds managed by domestic, experienced fund managers in India. These portfolio funds are expected to provide primarily growth capital to established companies in India across multiple sectors including climate/green infrastructure, affordable housing, infrastructure services, food/agribusiness, health care and education. The Fund is managed by National Investment and Infrastructure Fund Limited (_NIIF_), which is sponsored by the Government of India (GOI). | |||||
| Linkage to Country/Regional Strategy |
| Safeguard Categories | |
|---|---|
| Environment | FI |
| Involuntary Resettlement | FI |
| Indigenous Peoples | FI |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| Timetable for assistance design, processing and implementation | |
|---|---|
| Concept Clearance | 18 Jul 2019 |
| Credit Committee Meeting | 18 Jul 2019 |
| Approval | 23 Aug 2019 |
| Last PDS Update | 23 Aug 2019 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
| Title | Document Type | Document Date |
|---|---|---|
| NIIF Fund of Funds-I: Report and Recommendation of the President | Reports and Recommendations of the President | Aug 2019 |
| NIIF Fund of Funds-I: Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Jun 2019 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
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