AIIB approves $100m commitment to Indian sovereign fund
The Asian Infrastructure Investment Bank (AIIB) has approved a $100 million investment in the National Investment and Infrastructure Fund (NIIF), an Indian government-backed vehicle intended to mobilize investment in infrastructure.
AIIB’s investment will support the first close of NIIF’s fund-of-funds, which is intended to partner with Indian fund managers raising vehicles across a range of investment strategies and has a target...
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