India Wealth Fund Seeks to Double Assets to $10 Billion (1)

India’s $4.9 billion quasi-sovereign wealth fund is seeking to double its assets under management to $10 billion within the next 30 months, fueled by surging demand for urban infrastructure in the world’s fastest-growing major economy.

Mumbai-based National Investment & Infrastructure Fund, backed by the Indian government alongside global investors such as Temasek Holdings Pte, Abu Dhabi Investment Authority and AustralianSuper Pty, is capitalizing on a big funding gap in the sector, according to Vinod Giri, managing partner for its infrastructure fund.

Vinod Giri

Source: National Investment & Infrastructure Fund

“We are seeing significant amount of investment requirements — almost double of what we ...