AustralianSuper has more than doubled its exposure to India’s National Investment and Infrastructure Fund (NIIF), injecting an additional A$500m (€303m) into an investment platform which the superannuation fund describes as one of its top-performing infrastructure assets.
AustralianSuper first committed A$240m in 2019 to the NIIF, which was established in 2015 to channel global institutional capital into Indian infrastructure developments.
Shaun Manuell, AustralianSuper CIO, said: “AustralianSuper’s investment in the NIIF has been one of our most successful partnerships and that’s why we’re excited to invest again to help drive returns for members. Our experience with NIIF demonstrates what can be achieved when long-term capital is combined with visionary policy, trusted institutions and strong partnerships.”
Manuell said India remains an attractive investment destination due to its strong economic growth, expanding middle class and government initiatives that ease capital deployment for institutional investors.
“AustralianSuper is making a second investment in the NIIF because those fundamental strengths are still there and we see the potential for more returns for members,” he added.
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