India’s National Investment and Infrastructure Fund Limited (NIIF) has appointed Gauravjit Singh, a former executive at private markets firm PAG, as Managing Partner and Global Head of Capital Formation. The move underscores NIIF’s push to expand its investor base for infrastructure, private markets, and climate-related investments.
Gauravjit Singh to Drive NIIF’s Capital Strategy
Singh brings nearly two decades of experience in institutional fundraising across global, India-focused, and pan-Asian investment strategies. He most recently served as Head of Investor Relations and Fundraising for PAG’s private equity business in Singapore, where he also sat on PAG’s Investment and Exit Committees. Prior to PAG, Singh held roles at True North and KKR. At True North, he led investor relations and supported the firm’s expansion into private credit and new institutional markets across the United States, Europe, the Middle East, North Africa, and Japan.
Strengthening Investor Ties and Mobilizing Capital
NIIF said Singh will focus on deepening existing investor relationships while identifying new sources of capital. The appointment follows a period of increased fundraising activity: the sovereign-anchored asset manager has raised approximately $3 billion in new equity commitments over the past 24 months across its strategies covering infrastructure, private markets, growth equity, and climate-related investments.
Sanjiv Aggarwal, Managing Director and CEO of NIIF, emphasized the importance of expanding the investor network. “Deepening our relationships with existing investors, bringing new investors into the NIIF ecosystem and broadening our sources of capital will be important priorities,” Aggarwal said.
Recent Fund Closings Highlight Momentum
NIIF has closed several large funds in 2026. Its Private Markets Fund II secured commitments of up to $750 million at its first close earlier this year, targeting a total of $1 billion. In August, NIIF announced a ₹19,000 crore (about $2 billion) first close for Infrastructure Fund II, exceeding 60% of its ₹30,000 crore (roughly $3.2 billion) target. The fund received backing from the Government of India, sovereign wealth funds, pension funds, insurance companies, and Indian financial institutions.
Singh commented on India’s appeal to global investors: “India has become an important market for global institutional investors seeking long-term investment opportunities. NIIF’s role is to create meaningful and investable pathways to accelerate the flow of capital into India’s growth.” He added that he plans to build on relationships with existing investors while bringing new institutional partners to the platform.
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