National Investment and Infrastructure Fund Limited (NIIFL) has appointed Rajiv Dhar, Executive Director & Chief Operating Officer as the Chief Executive Officer & Managing Director of NIIFL on an interim basis, effective May 11, 2023. The planned succession follows Sujoy Bose’s request to relieve him from his current responsibilities as Managing Director and Chief Executive Officer, a position he held since 2016 in the company.
NIIFL manages over $4.3 billion of equity capital commitments across its three funds – Master Fund, Fund of Funds, and Strategic Opportunities Fund. NIIF Fund of Funds (FoF) is focused on building a portfolio of private equity funds across diversified sectors and investment strategies.
About the National Investment and Infrastructure Fund Limited
The National Investment and Infrastructure Fund Limited (NIIF) is an Indian government-owned investment fund that was established in 2015. It was created to attract both domestic and international investment for infrastructure development projects in India.
The NIIF operates as a Category II Alternative Investment Fund and seeks to invest in infrastructure and related sectors, such as energy, transportation, and urban infrastructure. Its objective is to mobilize funds from various sources, including sovereign wealth funds, pension funds, and other long-term investors, to finance infrastructure projects in the country.
The fund is structured as a fund of funds, which means that it invests in and manages a portfolio of funds that, in turn, invest in infrastructure projects. It also has the flexibility to invest directly in infrastructure projects alongside other investors.