New Development Bank approves $100m commitment

The investment bank has backed an infrastructure fund.

16 February 2021

Institution: New Development Bank
Headquarters: Shanghai, China
AUM: $19.31 billion

New Development Bank has agreed to commit $100 million to NIIF Fund of Funds. The vehicle is managed by The National Investment and Infrastructure Fund and will invest in social infrastructure and renewables sectors in India.

As illustrated below, this is the first time the investment bank has invested in an infrastructure fund.

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