fbpx NIIF Fund of Funds-I: Report and Recommendation of the President | Asian Development Bank

NIIF Fund of Funds-I: Report and Recommendation of the President

Reports and Recommendations of the President | August 2019

The project involves an equity investment of up to $100,000,000 (in Indian rupee equivalent), as of the subscription date, in the National Investment and Infrastructure Fund Limited (NIIF) managed NIIF Fund of Funds-I (NIIF-I) in India. NIIF-I proposes to invest in up to 10 private equity funds managed by domestic, experienced fund managers in India. These funds will each invest in a portfolio of growing companies in India across multiple sectors including climate or green infrastructure, affordable housing, infrastructure services, agribusiness, health care and education.

The report and recommendation of the President to the Board of Directors (RRP) document describes the terms and conditions of a project for consideration and approval by ADB's Board of Directors.

This document dated August 2019 is provided for the ADB project 53288-001 in India.

Linked Documents

  1. Sector Overview [Withheld from Public Disclosure in accordance with the Access to Information Policy (para.17.4)]
  2. Ownership, Management, Governance [Withheld from Public Disclosure in accordance with the Access to Information Policy (para. 17.3, 17.4)]
  3. Details of Implementation Arrangements [Withheld from Public Disclosure in accordance with the Access to Information Policy (para. 17.1)]
  4. Contribution to the ADB Results Framework
  5. Financial Analysis [Withheld from Public Disclosure in accordance with the Access to Information Policy (para. 17.4)]
  6. Country Economic Indicators
  7. Summary Poverty Reduction and Social Strategy [Withheld from Public Disclosure in accordance with the Access to Information Policy (para. 17.2)]
  8. Environmental and Social Management System Arrangement: Audit Findings and Details of Arrangement [Withheld from Public Disclosure in accordance with the Access to Information Policy (para. 17.2)]
  9. Integrity and Tax Due Diligence Disclosure [Withheld from Public Disclosure in accordance with the Access to Information Policy (para. 17.4)]