Grapevine: NIIF nears first close of new fund-of-funds; Fi Money faces cash crunch

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The Indian government-backed National Investment and Infrastructure Fund (NIIF) is nearing the first close of its second fund-of-funds at $700 million, a media report said. The NIIF’s Private Markets Fund-II is likely to hit the fundraising milestone within a month, The Economic Times reported, citing people aware of the development. The PMF-II, ......