ADB to invest $100 million in NIIF of India FoF

The Asian Development Bank (ADB) will invest $100 million in the National Investment and Infrastructure Fund (NIIF) of India Fund of Funds (FoF). With ADB’s investment in the NIIF platform, the FoF has now secured $700 million in commitments. ADB will now join the Government of India and the Asian Infrastructure Investment Bank (AIIB) as an investor in the fund.