National Investment and Infrastructure Fund Limited (NIIFL) has announced the final close for its NIIF Master Fund with US$2.34 billion, exceeding its target of US$2.1 billion.

The Public Sector Pension Investment Board (PSP Investments), US International Development Finance Corporation (DFC) and Axis Bank signed agreements for investments of approximately US$107 million cumulatively with the NIIF Master Fund, which marks the fifth and Final Close of the NIIF Master Fund.