The National Investment and Infrastructure Fund (NIIF), an alternative asset manager backed by India's sovereign wealth, has appointed Gauravjeet Singh as Managing Partner and Global Head of Capital Formation.
Singh has two decades of experience in raising institutional capital across various global market-oriented alternative investment strategies focusing on India and the entire Asia-Pacific region. He recently served as the Head of Investor Relations and Fundraising at PAG's private equity division in Singapore.
In his new role, Singh will lead NIIF's efforts to raise capital across all of the fund's investment strategies. His responsibilities include deepening relationships with existing investors, expanding the base of both international and domestic institutional investors, and attracting new capital.
This appointment comes amid significant fundraising momentum, as NIIF has managed to mobilize approximately $3 billion in new equity commitments over the past two years.
Earlier this year, NIIF secured $750 million in funding during the first close of its Private Markets Fund II, which has a target size of $1 billion, and the fundraising process is ongoing.
In August, NIIF announced the first close of Infrastructure Fund II at INR 19,000 crore ($2 billion), representing over 60 percent of its target of INR 30,000 crore ($3.2 billion).
Currently, NIIF manages over $7 billion in equity commitments across four verticals: infrastructure, private markets, growth equity, and climate investments.
