Key Takeaways
- • NIIF appoints Gauravjit Singh as Managing Partner and Global Head of Capital Formation, bringing nearly two decades of institutional capital-raising experience across global and Asia-focused alternative investment strategies.
- • Singh's prior role as Head of Investor Relations and Fundraising at PAG's private equity division included membership on Investment and Exit Committees, positioning him to lead capital formation across NIIF's multi-strategy platform.
- • NIIF has mobilised approximately $3 billion in new equity capital commitments over the past 24 months, demonstrating strong institutional investor confidence in India-focused investment opportunities and the firm's track record.
- • Recent fundraising milestones include $750 million at first close of Private Markets Fund II (targeting $1 billion) and ₹19,000 crore ($2 billion) at first close of Infrastructure Fund II (targeting ₹30,000 crore or $3.2 billion), representing over 60% of the latter's target.
- • Singh's appointment signals NIIF's strategic focus on deepening existing investor relationships, expanding its international and domestic institutional investor base, and mobilising new capital sources as the firm enters its next growth phase.
Summary
National Investment and Infrastructure Fund Limited (NIIF), India's sovereign-anchored alternative asset manager, has appointed Gauravjit Singh as Managing Partner and Global Head of Capital Formation. Singh brings nearly two decades of experience raising institutional capital across global, India-focused, and pan-Asian alternative investment strategies. Most recently, he held the position of Head of Investor Relations and Fundraising for PAG's private equity division in Singapore, where he also served as a member of the Investment and Exit Committees.
At NIIF, Singh will lead capital formation efforts across the firm's investment strategies with a mandate to deepen relationships with existing investors, expand the international and domestic institutional investor base, and mobilise new sources of capital. The appointment comes as NIIF continues to demonstrate strong momentum in fundraising. Over the past 24 months, the firm has mobilised approximately $3 billion in new equity capital commitments across its strategies, reflecting sustained confidence from institutional investors in both the India investment opportunity and NIIF's strategic execution.
Recent fundraising achievements underscore this momentum. Earlier in 2026, NIIF secured commitments of up to $750 million at the first close of its Private Markets Fund II, which carries a target size of $1 billion with fundraising ongoing. In August 2026, the firm announced a ₹19,000 crore (approximately $2 billion) first close of Infrastructure Fund II, representing more than 60% of its ₹30,000 crore (approximately $3.2 billion) target size. Sanjiv Aggarwal, Managing Director and CEO of NIIF, characterised the strong investor support as validation of both the India opportunity and NIIF's investment strategies. He indicated that deepening investor relationships, expanding the NIIF ecosystem to include new institutional investors, and broadening capital sources will be key priorities as the firm enters its next growth phase.
At NIIF, Singh will lead capital formation efforts across the firm's investment strategies with a mandate to deepen relationships with existing investors, expand the international and domestic institutional investor base, and mobilise new sources of capital. The appointment comes as NIIF continues to demonstrate strong momentum in fundraising. Over the past 24 months, the firm has mobilised approximately $3 billion in new equity capital commitments across its strategies, reflecting sustained confidence from institutional investors in both the India investment opportunity and NIIF's strategic execution.
Recent fundraising achievements underscore this momentum. Earlier in 2026, NIIF secured commitments of up to $750 million at the first close of its Private Markets Fund II, which carries a target size of $1 billion with fundraising ongoing. In August 2026, the firm announced a ₹19,000 crore (approximately $2 billion) first close of Infrastructure Fund II, representing more than 60% of its ₹30,000 crore (approximately $3.2 billion) target size. Sanjiv Aggarwal, Managing Director and CEO of NIIF, characterised the strong investor support as validation of both the India opportunity and NIIF's investment strategies. He indicated that deepening investor relationships, expanding the NIIF ecosystem to include new institutional investors, and broadening capital sources will be key priorities as the firm enters its next growth phase.
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