Infrastructure fund · SEBI registry
NIIF Fund of Funds - I
Real assets (RE/Infra) · Private credit / Debt · Mumbai
At a glance
- Stage focus
- Real assets (RE/Infra)
- Primary sector
- Private credit / Debt
- City
- Mumbai
- HQ / office
- Mumbai (corporate office, BKC); registered office New Delhi
- Fund registered
- 2017
- Investments on record
- 6
- Corpus (as reported)
- USD 600 million final close (Feb 2021); part of NIIF's ~USD 4.9bn total AUM
- Website
- niifindia.in
- Profile ↗
About
NIIF Fund of Funds - I (now branded the NIIF Private Markets Fund) is the fund-of-funds vehicle of the National Investment and Infrastructure Fund, India's sovereign-anchored alternative assets manager. It commits capital to home-grown PE/VC fund managers rather than investing directly in startups. The SEBI registry email is at the firm's external counsel Nishith Desai Associates; the firm's own contact is [contact on file].
Investment focus
Fund-of-funds: anchors and invests in India-focused private equity and venture capital fund managers across growth equity, VC, buyout and credit; high-impact sectors (climate, healthcare, deep-tech, housing, MSME, manufacturing)
Cheque size
USD ~15M-170M commitments to underlying Indian fund managers (e.g. EverSource USD 170M, Multiples USD 125M, Arpwood USD 80M, InvAscent USD 50M, Amicus USD 25M)
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/17-18/0527
SIDBI Fund of Funds
Yes — Government of India is anchor LP holding 49% of fund corpus; NIIF is GoI-sponsored sovereign-linked platform. Other LPs include AIIB, ADB, New Development Bank. (Source: NIIF site; Wikipedia; NDB)
Notable portfolio
Through underlying funds; NIIF group direct investments include Ayana Renewable Power; Manipal Hospitals; IntelliSmart Infrastructure; iBus Networks; Athaang Infrastructure
Team & organisation
15+ Private Markets professionals (managing partners, principals, analysts)
Trust-structured AIF (this fund registered as Category I AIF per NIIF site) under the NIIF umbrella; Investment Manager: National Investment and Infrastructure Fund Ltd (NIIFL), GoI-sponsored
Connect through iHub India
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Frequently asked
- What does NIIF Fund of Funds - I invest in?
- Fund-of-funds: anchors and invests in India-focused private equity and venture capital fund managers across growth equity, VC, buyout and credit; high-impact sectors (climate, healthcare, deep-tech, housing, MSME, manufacturing)
- What cheque size does NIIF Fund of Funds - I write?
- As compiled from public sources: USD ~15M-170M commitments to underlying Indian fund managers (e.g. EverSource USD 170M, Multiples USD 125M, Arpwood USD 80M, InvAscent USD 50M, Amicus USD 25M)
- How do I pitch NIIF Fund of Funds - I through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ fund-of-funds (not direct startup VC); sovereign-anchored
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://niifindia.in/private-markets/; https://en.wikipedia.org/wiki/National_Investment_and_Infrastructure_Fund