Nishith Desai Associates : Deal Corner

Posted by By at 24 December, at 13 : 49 PM Print

December 24, 2020

NIIF FINAL CLOSE

DEAL BRIEF

National Investment and Infrastructure Fund Limited (NIIFL) completed its fifth and final round of fund raising for its NIIF Master Fund. U.S. International Development Finance Corporation (DFC), the development finance institution of the United States federal government, Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers and Axis Bank, an existing investor in the NIIF Master Fund signed agreements for investments of approximately USD 107 million cumulatively with the NIIF Master Fund. DFC and PSP Investments join the Government of India (GoI), Abu Dhabi Investment Authority (ADIA), AustralianSuper, CPP Investments, Ontario Teachers’ Pension Plan, Temasek, HDFC Group, ICICI Bank, Kotak Mahindra Life Insurance and Axis Bank as investors in the Fund. DFC and PSP will join the other investors of the Master Fund as shareholders of NIIF Ltd, the investment manager.

The Fund has achieved a size of the INR equivalent of USD 2.34 billion, making it the largest SEBI registered fund in India.

OUR ROLE

We, at Nishith Desai Associates, acted as the legal counsel to NIIFL.

PRESS COVERAGE

News and media reports related to the deal:

https://niifindia.in/wp-content/uploads/2020/12/ NIIFL_Announces_Final_Close_of_NIIF_Master_Fund_at_USD_2_34_billion.pdf

https://www.financialexpress.com/industry/banking-finance/canadas-psp-us-dfc-axis-bank-invest-107-million-in-niifs-master-fund/2154454/

https://www.thehindubusinessline.com/economy/us-financial-body-dfc-to-invest-54-m-in-niif/article33399692.ece

https://www.vccircle.com/niif-marks-final-close-of-master-fund-rolls-out-new-vehicle/

https://www.moneycontrol.com/news/business/canadas-psp-us-dfc-axis-bank-invest-107-million-in-niifs-master-fund-6254001.html


Benchmark Litigation Asia-Pacific: Tier 1 for Government & Regulatory and Tax
2020, 2019, 2018

Legal500 Asia-Pacific: Tier 1 for Tax, Investment Funds, Labour & Employment and TMT
2020, 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012

Chambers and Partners Asia-Pacific: Band 1 for Employment, Lifesciences, Tax and TMT
2020, 2019, 2018, 2017, 2016, 2015

IFLR1000: Tier 1 for Private Equity and Project Development: Telecommunications Networks.
2020, 2019, 2018, 2017, 2014

AsiaLaw Asia-Pacific Guide 2020: Ranked ‘Outstanding’ for TMT, Labour & Employment, Private Equity, Regulatory and Tax

FT Innovative Lawyers Asia Pacific 2019 Awards: NDA ranked 2nd in the Most Innovative Law Firm category (Asia-Pacific Headquartered)

RSG-Financial Times: India’s Most Innovative Law Firm
2019, 2017, 2016, 2015, 2014

Who’s Who Legal 2019:
Nishith Desai, Corporate Tax and Private Funds – Thought Leader
Vikram Shroff, HR and Employment Law- Global Thought Leader
Vaibhav Parikh, Data Practices – Thought Leader (India)
Dr. Milind Antani, Pharma & Healthcare – only Indian Lawyer to be recognized for ‘Life sciences – Regulatory,’ for 5 years consecutively

Merger Market 2018:Fastest growing M&A Law Firm in India


DISCLAIMER

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient’s country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender’s contact information, which this mail does. In case this mail doesn’t concern you, please unsubscribe from mailing list.

Hotline

Related Posts

Post Your Comment

You must be logged in to post a comment.

About Us

Nishith Desai Associates (NDA) is a research based international law firm with offices in Mumbai, Bangalore, Silicon Valley, Singapore, New Delhi, Munich and New York.

Links

Mobile App

.

  • .
  • .
  • .