National Investment and Infrastructure Fund: Fund of Funds - I (NDB-nationalinvestmentand)

Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • New Development Bank (NDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 25, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
National Investment and Infrastructure Fund Limited
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1,000.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ NDB website

Updated in EWS May 13, 2020


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Project Description

According to the bank's website, "FoF-I will investment in approx. 10 portfolio funds as the anchor or significant investor in private equity funds managed by experienced fund managers. Investment focus is green infrastructure, social infrastructure (healthcare, education), mid-income and affordable housing, infrastructure services, agribusiness, consumer business, financial services, technology and industrials (with emphasis on job creation and supporting small and medium enterprises). FoF-I will work with fund managers with strong track record, experience of investing in India, and sound investment strategy, with distinct advantage over competing funds in deal sourcing, robust processes and high level of adherence to environmental, social and governance aspects."

Investment Description
  • New Development Bank (NDB)
Contact Information

NDB

Project Team Leader:
Garvit Sah
sah.garvit@ndb.int
Jingjing Han
han.jingjing@ndb.int

NIIF

Anand Unnikrishnan
Anand.Unnikrishnan@niifindia.in