TLDR:
- NIIF has made its last LP-style investment from its first fund of funds by investing in Amicus Capital’s latest vehicle.
- NIIF acts as a limited partner to private equity and venture capital funds through its fund of funds.
The National Investment and Infrastructure Fund (NIIF), India’s quasi-sovereign wealth fund, is set to make its final LP-style investment from its first fund of funds. NIIF serves as a limited partner to private equity and venture capital funds through its fund of funds (FoF) vehicle, and has chosen to invest in Amicus Capital’s latest vehicle, marking its last bet from the FoF. This decision reflects NIIF’s strategy to diversify its investments and support the growth of promising fund managers in the country.
Amicus Capital Partners, the recipient of NIIF’s investment, is a well-established player in the Indian private equity space. The partnership between NIIF and Amicus Capital is seen as a strategic move that will benefit both parties. NIIF’s expertise in infrastructure investments combined with Amicus Capital’s track record in private equity creates a strong foundation for future growth and success.
NIIF’s approach to investing as a limited partner has been well-received in the market, with several successful investments made from its first fund of funds. By choosing to invest in Amicus Capital’s latest vehicle, NIIF is making a strategic decision that is expected to yield positive returns in the long term.
Overall, NIIF’s investment in Amicus Capital’s latest vehicle marks the end of its LP-style bets from its first fund of funds. The partnership between these two entities signifies a strong commitment to supporting the growth of the private equity and venture capital ecosystem in India, and is a testament to NIIF’s reputation as a key player in the investment landscape.
