India Infrastructure Fund Eyes Japan, Europe Capital for $3.2 Billion Fund

India’s quasi-sovereign infrastructure investor, the National Investment and Infrastructure Fund (NIIF), is expanding its investor base from Japan into Europe, aiming to tap a wider pool of long-term overseas capital. The strategy is premised on India’s continuing infrastructure investment cycle to sustain demand for funding. The update is incremental and should be more supportive for sentiment around the asset class than a near-term market-moving catalyst.