India : NIIF Fund of Funds-I

Nonsovereign Project | 53288-001

Project Details

  • Project Officer
    Mahmud, Farshed
    Private Sector Operations Department
    Request for information
  • Country/Economy
  • Sector
    • Finance
Project Name NIIF Fund of Funds-I
Project Number 53288-001
Borrower / Company National Infrastructure and Investment Fund
Country / Economy India
Location Nation-wide
Type or Modality of Assistance
7600 Equity Ordinary capital resources INR 6,666.67 million Committed
Strategic Agendas Inclusive economic growth
Drivers of Change Partnerships
Private sector development
Sector / Subsector

Finance / Finance sector development

Gender Some gender elements
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Investment Funds and Special Initiatives Division
Responsible ADB Officer Mahmud, Farshed
Project Sponsor(s)
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

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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

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Related Publications

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