Mumbai-based National Investment and Infrastructure Fund closed its latest infrastructure fund, NIIF Master Fund, at $2.3 billion, ahead of its $2.1 billion target, a spokeswoman said.
The strategy is India's largest domestic infrastructure equity fund and invests in core infrastructure sectors, primarily transportation and energy.
Investors include the C$456.7 billion ($357.9 billion) Canada Pension Plan Investment Board, Toronto, which said in 2019 it would invest up to $600 million in the fund.
NIIF is an investment platform for international and Indian investors backed by the Government of India.
