India’s National Infrastructure Investment Fund (NIIF) has secured a $2bn first close for its second infrastructure fund, nearly matching the size of its inaugural fund. The strong re-ups from existing investors signal confidence in NIIFIF’s strategy as it targets a final close is expected within 12–18 months. This milestone positions the fund as a major player in India’s infrastructure financing landscape.

The achievement underscores growing institutional appetite for long-term, sovereign-backed infrastructure investments in emerging markets. NIIF’s second fund will focus on core infrastructure sectors including energy, transport, and urban development.