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12 June, 2025
Cube Highways Trust Completes Acquisition of 2 Highway Assets in J&K from NIIF, at a Transaction Value of ₹4,185 Crores
09 June, 2025
Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chairs 6th meeting of the Governing Council of National Investment and Infrastructure Fund (NIIF) in New Delhi, today
09 September, 2025
Monthly Economic Research Report – August 2025
28 July, 2025
Monthly Economic Research Report – July 2025
Get In Touch
12 June, 2025
Cube Highways Trust Completes Acquisition of 2 Highway Assets in J&K from NIIF, at a Transaction Value of ₹4,185 Crores
09 June, 2025
Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chairs 6th meeting of the Governing Council of National Investment and Infrastructure Fund (NIIF) in New Delhi, today
09 September, 2025
Monthly Economic Research Report – August 2025
28 July, 2025
Monthly Economic Research Report – July 2025
Home
Our Story
About Us
Governing Council Our Team
Board of Directors Our Journey
Our Strategies
Overview
Sustainable Infrastructure Private Markets Strategic Initiatives & Policy Advisory
Growth Equity Climate Investments Strategic Initiatives & Policy Advisory
Our Portfolio
Our Investments
How We Invest
Investing Responsibly
Sustainability
CSR & Community
Resources
News Insights
Careers Statutory Information
Get In Touch
OUR JOURNEY
National Investment and Infrastructure Fund Limited has been established to catalyse global capital and invest in sectors and asset classes that drive India’s growth story.
Anchored by the Government of India, we raise a
majority of our capital from global and domestic
institutional investors across all our funds
OUR JOURNEY

National Investment and Infrastructure Fund Limited has been established to catalyse global capital and invest in sectors and asset classes that drive India’s growth story.

ESTABLISHED
2015
February
ESTABLISHED
Creation of National Investment and Infrastructure Fund (NIIF) announced in the Union Budget
icon
ESTABLISHED
2015
February
FUND CLOSE
NIIF Master Fund achieves its First Close
icon
FUND CLOSE
2017
October
PARTNERSHIP
Creation of ports & logistics platform through a JV with DP World
icon
PARTNERSHIP
2018
February
FUND LAUNCH
India’s first decarbonising solutions fund, Green Growth Equity Fund (GGEF) set up by NIIF Private Markets Fund along with Foreign & Commonwealth Development Office, UK (FCDO)
icon
FUND LAUNCH
2018
April
FUND CLOSE
NIIF Master Fund achieves its Second Close
icon
FUND CLOSE
2018
September
INVESTMENT
NIIF Private Markets Fund invests in HDFC Capital Affordable Real Estate Fund 2 (HCARE 2)
icon
INVESTMENT
2018
October
INVESTMENT
NIIF Master Fund invests in Ayana Renewables
icon
INVESTMENT
2019
March
FUND CLOSE
NIIF Private Markets Fund achieves First Close
icon
FUND CLOSE
2019
March
ESTABLISHED
NIIF acquires IDFC Infrastructure Finance Limited and rechristens it NIIF IFL; incorporates Aseem Infrastructure Finance Limited
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ESTABLISHED
2019
May
FUND CLOSE
NIIF Master Fund achieves its Third Close
icon
FUND CLOSE
2019
August
INVESTMENT
NIIF Private Markets Fund makes its third investment in a mid-market fund, Multiples PE Fund III
icon
INVESTMENT
2019
October
FUND CLOSE
NIIF Master Fund achieves target fund size of USD 2.1 billion with its Fourth Close
icon
FUND CLOSE
2019
December
ESTABLISHED
Smart meter platform set up by NIIF Master Fund
icon
ESTABLISHED
2019
December
FUND CLOSE
NIIF Private Markets Fund achieves Second Close
icon
FUND CLOSE
2020
March
ESTABLISHED
NIIF Master Fund creates its own roads development company, Athaang Infrastructure  
icon
ESTABLISHED
2020
April
INVESTMENT
NIIF Private Markets Fund commits to an affordable healthcare sector fund, Somerset Indus Healthcare India Fund II
icon
INVESTMENT
2020
August
ACQUISITION
NIIF Master Fund acquires its first road assets - Devanahalli Tollway & Dichpally Tollway
icon
ACQUISITION
2020
November
INVESTMENT
Gol announces INR 6,000 crore commitment into NIIF IFL & NIlF AIFL
INVESTMENT
2020
November
FUND CLOSE
Final Close of NIIF Master Fund
icon
FUND CLOSE
2020
December
FUND CLOSE
NIlF Private Markets Fund achieves Final Close
icon
FUND CLOSE
2021
February
INVESTMENT
NIIF Strategic Opportunities Fund invests in Manipal Hospitals
icon
INVESTMENT
2021
March
FUND CLOSE
Strategic Opportunities Fund achieves First Close
icon
FUND CLOSE
2021
April
INVESTMENT
NIIF Private Markets Fund invests in a mid-market buyout fund, Arpwood Partners Fund I
icon
INVESTMENT
2021
May
INVESTMENT
NIlF Private Markets Fund commits to a deep-tech focused venture capital fund, YourNest Innovative Products VC Fund III
icon
INVESTMENT
2022
May
INVESTMENT
NIlF Strategic Opportunities Fund invests in Ather Energy
icon
INVESTMENT
2022
May
INVESTMENT
NIIF Master Fund broadens its partnership with DP World by investing in their subsidiary, Hindustan Ports Private Limited
icon
INVESTMENT
2022
June
ACQUISITION
NIIF Master Fund expands its road portfolio through the acquisition of the Navayuga Quazigund Expressway Private Limited
icon
ACQUISITION
2022
July
ACQUISITION
NIIF Master Fund acquires its fourth road asset, Jammu Udhampur Highway Limited
icon
ACQUISITION
2022
August
PARTNERSHIP
NIIF signs an MOU with Japan Bank for International Cooperation (JBIC) to promote & enhance Japanese investments into India
icon
PARTNERSHIP
2022
November
PARTNERSHIP
NIIF Master Fund enters into a partnership with GMR Airports to invest in three airport projects, including an investment in GMR Goa International Airport Limited (GGIAL), which runs and operates the Manohar International Airport in Goa.
icon
PARTNERSHIP
2022
December
PARTNERSHIP
NIIF Master Fund enters into a partnership with Digital Edge & AGP to develop a pan-India portfolio of hyperscale data centres
icon
PARTNERSHIP
2023
January
INVESTMENT
NIIF Private Markets Fund makes an anchor commitment of INR 400 crores to Lighthouse India Fund IV
icon
INVESTMENT
2023
January
ACQUISITION
NIIF Master Fund further expands its road portfolio by winning the TOT 9 bundle in NHAI auction
icon
ACQUISITION
2023
March
EXIT
NIIF Strategic Opportunities Fund announces its exit from Manipal Hospitals, marking the top private equity exit of 2023 in India
EXIT
2023
April
FUND LAUNCH
NIIF launches ~USD 600 million bilateral India-Japan Fund, with the Government of India & Japan Bank for International Cooperation (JBIC) as anchor investors
icon
FUND LAUNCH
2023
August
INVESTMENT
NIIF Master Fund expands its airports platform with investment of INR 6.75 billion in GMR Visakhapatnam International Airport Limited, a special purpose vehicle to develop & operate the upcoming greenfield airport at Bhogapuram, Andhra Pradesh
icon
INVESTMENT
2023
December
INVESTMENT
NIIF’s India-Japan Fund invests INR 400 Crore in Mahindra Last Mile Mobility Limited, marking its first investment since it was launched
icon
INVESTMENT
2024
January
INVESTMENT
NIIF Private Markets Fund makes a commitment of INR 207 crore to Amicus Capital Partners India Fund II. With the commitment to Amicus Capital Fund II, PMF’s first fund utilised 100% of its aggregate capital commitments
icon
INVESTMENT
2024
February
INVESTMENT
NIIF Master Fund expands Digital Infrastructure platform with USD200 million investment in iBUS, a leading digital infrastructure solutions company in India
icon
INVESTMENT
2024
April
INVESTMENT
NIIF expands Climate Investments portfolio with another investment in Ather Energy through its India-Japan Fund
icon
INVESTMENT
2024
September
EXIT
NIIF signs a Share Purchase Agreement (SPA) with ONGC NTPC Green Private Limited (ONGPL) to exit its investment in Ayana Renewable Power
EXIT
2025
February
ESTABLISHED
2015
February
Creation of National Investment and Infrastructure Fund (NIIF) announced in the Union Budget
FUND CLOSE
2017
October
NIIF Master Fund achieves its First Close
icon
PARTNERSHIP
2018
February
Creation of ports & logistics platform through a JV with DP World
icon
FUND LAUNCH
2018
April
India’s first decarbonising solutions fund, Green Growth Equity Fund (GGEF) set up by NIIF Private Markets Fund along with Foreign & Commonwealth Development Office, UK (FCDO)
FUND CLOSE
2018
September
NIIF Master Fund achieves its Second Close
icon
INVESTMENT
2018
October
NIIF Private Markets Fund invests in HDFC Capital Affordable Real Estate Fund 2 (HCARE 2)
icon
INVESTMENT
2019
March
NIIF Master Fund invests in Ayana Renewables
icon
FUND CLOSE
2019
March
NIIF Private Markets Fund achieves First Close
icon
ESTABLISHED
2019
May
NIIF acquires IDFC Infrastructure Finance Limited and rechristens it NIIF IFL; incorporates Aseem Infrastructure Finance Limited
icon
FUND CLOSE
2019
August
NIIF Master Fund achieves its Third Close
icon
INVESTMENT
2019
October
NIIF Private Markets Fund makes its third investment in a mid-market fund, Multiples PE Fund III
icon
FUND CLOSE
2019
December
NIIF Master Fund achieves target fund size of USD 2.1 billion with its Fourth Close
icon
ESTABLISHED
2019
December
Smart meter platform set up by NIIF Master Fund
icon
FUND CLOSE
2020
March
NIIF Private Markets Fund achieves Second Close
icon
ESTABLISHED
2020
April
NIIF Master Fund creates its own roads development company, Athaang Infrastructure  
icon
INVESTMENT
2020
August
NIIF Private Markets Fund commits to an affordable healthcare sector fund, Somerset Indus Healthcare India Fund II
icon
ACQUISITION
2020
November
NIIF Master Fund acquires its first road assets - Devanahalli Tollway & Dichpally Tollway
icon
INVESTMENT
2020
November
Gol announces INR 6,000 crore commitment into NIIF IFL & NIlF AIFL
FUND CLOSE
2020
December
Final Close of NIIF Master Fund
icon
FUND CLOSE
2021
February
NIlF Private Markets Fund achieves Final Close
icon
INVESTMENT
2021
March
NIIF Strategic Opportunities Fund invests in Manipal Hospitals
icon
FUND CLOSE
2021
April
Strategic Opportunities Fund achieves First Close
icon
INVESTMENT
2021
May
NIIF Private Markets Fund invests in a mid-market buyout fund, Arpwood Partners Fund I
icon
INVESTMENT
2022
May
NIlF Private Markets Fund commits to a deep-tech focused venture capital fund, YourNest Innovative Products VC Fund III
icon
INVESTMENT
2022
May
NIlF Strategic Opportunities Fund invests in Ather Energy
icon
INVESTMENT
2022
June
NIIF Master Fund broadens its partnership with DP World by investing in their subsidiary, Hindustan Ports Private Limited
icon
ACQUISITION
2022
July
NIIF Master Fund expands its road portfolio through the acquisition of the Navayuga Quazigund Expressway Private Limited
icon
ACQUISITION
2022
August
NIIF Master Fund acquires its fourth road asset, Jammu Udhampur Highway Limited
icon
PARTNERSHIP
2022
November
NIIF signs an MOU with Japan Bank for International Cooperation (JBIC) to promote & enhance Japanese investments into India
icon
PARTNERSHIP
2022
December
NIIF Master Fund enters into a partnership with GMR Airports to invest in three airport projects, including an investment in GMR Goa International Airport Limited (GGIAL), which runs and operates the Manohar International Airport in Goa.
icon
PARTNERSHIP
2023
January
NIIF Master Fund enters into a partnership with Digital Edge & AGP to develop a pan-India portfolio of hyperscale data centres
icon
INVESTMENT
2023
January
NIIF Private Markets Fund makes an anchor commitment of INR 400 crores to Lighthouse India Fund IV
icon
ACQUISITION
2023
March
NIIF Master Fund further expands its road portfolio by winning the TOT 9 bundle in NHAI auction
icon
EXIT
2023
April
NIIF Strategic Opportunities Fund announces its exit from Manipal Hospitals, marking the top private equity exit of 2023 in India
FUND LAUNCH
2023
August
NIIF launches ~USD 600 million bilateral India-Japan Fund, with the Government of India & Japan Bank for International Cooperation (JBIC) as anchor investors
INVESTMENT
2023
December
NIIF Master Fund expands its airports platform with investment of INR 6.75 billion in GMR Visakhapatnam International Airport Limited, a special purpose vehicle to develop & operate the upcoming greenfield airport at Bhogapuram, Andhra Pradesh
icon
INVESTMENT
2024
January
NIIF’s India-Japan Fund invests INR 400 Crore in Mahindra Last Mile Mobility Limited, marking its first investment since it was launched
icon
INVESTMENT
2024
February
NIIF Private Markets Fund makes a commitment of INR 207 crore to Amicus Capital Partners India Fund II. With the commitment to Amicus Capital Fund II, PMF’s first fund utilised 100% of its aggregate capital commitments
icon
INVESTMENT
2024
April
NIIF Master Fund expands Digital Infrastructure platform with USD200 million investment in iBUS, a leading digital infrastructure solutions company in India
icon
INVESTMENT
2024
September
NIIF expands Climate Investments portfolio with another investment in Ather Energy through its India-Japan Fund
icon
EXIT
2025
February
NIIF signs a Share Purchase Agreement (SPA) with ONGC NTPC Green Private Limited (ONGPL) to exit its investment in Ayana Renewable Power
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