fbpx 53288-001: NIIF Fund of Funds-I | Asian Development Bank

India: NIIF Fund of Funds-I

Nonsovereign (Private) Project | 53288-001 Status: Proposed

Project Details

Project Officer
Mahmud, Farshed Private Sector Operations Department Request for information
Country
  • India
Sector
  • Finance
 
Project Name NIIF Fund of Funds-I
Project Number 53288-001
Borrower/Company National Infrastructure and Investment Fund
Country India
Location Nation-wide
Type or Modality of Assistance
Equity Ordinary capital resources INR 6,666.67 million Approved
Strategic Agendas Inclusive economic growth
Drivers of Change Partnerships
Private sector development
Sector / Subsector

Finance / Finance sector development

Gender Equity and Mainstreaming 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.

None currently available.

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.

Requests for information may also be directed to the InfoUnit.