New Development Bank Commits $100 million in NIIF Fund of Funds

Current GK ( Master) International Funding institutions

The New Development Bank (NDB) has committed to invest USD 100 million (Rs 727.6 crore), into the NIIF Fund of Funds (FoF).
With NDB’s investment, the total commitments secured by the FoF has reached $800 million (about Rs 5,820 crore).
This investment marks NDB’s first equity investment into India and its first-ever investment into a Fund of Funds.
Currently, the Government of India (GoI), Asian Infrastructure Investment Bank (AIIB) and Asian Development Bank (ADB) are the investor in the FoF. Now NDB has joined in the group.