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India Infrastructure Fund (IIF)

Creating Core Infrastructure Assets, Ensuring Sustainable Returns

India Infrastructure Fund (IIF) is a SEBI-registered domestic venture capital fund focused on long-term equity investments in a diversified portfolio of infrastructure projects. IIF has been sponsored by IDFC Limited (IDFC), along with Citigroup Inc.(Citi) and India Infrastructure Finance Company Limited (IIFCL) as founder investors. The establishment of IIF has received the strong support of the Government of India. The current size of IIF is INR 38 billion (USD 927 million1) with investor commitments from institutional investors in India, USA, Canada, Europe, Japan and the Middle-East.

Investment Objectives and Strategy

IIF aims to primarily invest equity for the long-term in companies that derive value from development and operation of infrastructure assets/projects in India. The resulting portfolio is expected to comprise greenfield, brownfield and operational assets/projects in core infrastructure sub-sectors including transport (toll roads, rail, ports, and airports), energy and utilities (power generation, renewables, pipelines, transmission, distribution and storage), telecommunications infrastructure and urban infrastructure.

The investment objectives of IIF are:

  • To achieve attractive risk-adjusted returns over the long-term by investing in infrastructure in India.
  • To seek investments in infrastructure that are expected to deliver strong, predictable and stable cash flows in the form of dividend distributions with low volatility of returns and potential for capital growth.

1 As on commitment dates


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