NIIF Fund of Funds announces an anchor commitment of INR 400 crores to Lighthouse India Fund IV AIF. With a target size of up to INR 3,500 crores, Lighthouse Fund IV will invest in high-growth businesses in sectors such as healthcare, specialty manufacturing, digital transformation, and consumer products and services.
NIIF’s participation as an anchor investor in Lighthouse Fund IV makes it the first domestic institutional investor and is expected to help the fund catalyse further capital from high-quality domestic and global institutions. Founded in 2006, Lighthouse has raised three private equity funds and has delivered a strong track record of marquee investments and exits.
NIIF Fund of Funds invests in fund managers with a strong track record and sets a high standard of institutionalization, including ESG practices. With this commitment, NIIF Fund of Funds is over 90% committed across seven funds, investing in nationally significant sectors such as climate, affordable housing, healthcare and pharmaceuticals, innovation, deep technology, and manufacturing.