Current Affairs Agreements

AustralianSuper, Ontario Teachers’ to invest $2 bn in NIIF

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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