Category : Agreements
|AustralianSuper and Ontario Teachers’ Pension Plan will invest $1 billion each in the National Investment and Infrastructure Fund (NIIF) Master Fund. The agreements include commitments of $250 million each in the Master Fund and co-investment rights of up to $750 million each in future opportunities alongside the Fund.|
National Investment and Infrastructure Fund is India’s first sovereign wealth fund that was set up by the Government of India in February 2015. It manages over $4 billion of capital commitments across three funds. The Fund invests in equity capital in core infrastructure sectors in India with a focus on transportation, energy and urban infrastructure.
AustralianSuper is Australia’s largest superannuation fund and Ontario Teachers’ Pension Plan is Canada’s largest single-profession pension plan. AustralianSuper and Ontario Teachers’ will also become shareholders in National Investment and Infrastructure Fund Limited.
Source: The Economic Times
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