New Delhi, Sept. 7 -- National Investment and Infrastructure Fund (NIIF) has appointed Gauravjit Singh as managing partner and global head of capital formation, as the sovereign-anchored alternative asset manager looks to expand its institutional investor base and build on recent fundraising momentum.

Singh brings nearly two decades of institutional fundraising experience across PAG, KKR and True North. He most recently served as head of investor relations and fundraising for PAG's private equity division in Singapore, where he was also a member of its Investment and Exit Committees.

At NIIF, Singh will lead capital formation across the firm's investment strategies, focussing on deepening relationships with existing investors, broadening its international and domestic institutional investor base and mobilising new capital.

The appointment comes after NIIF mobilised around $3 billion in new equity capital commitments over the past 24 months. Earlier this year, its Private Markets Fund II secured commitments of up to $750 million at first close against a $1 billion target. In August, NIIF announced a Rs 19,000 crore (around $2 billion) first close for Infrastructure Fund II, representing more than 60% of its Rs 30,000 crore target.

Prior to PAG, Singh led investor relations at True North, where he supported the firm's expansion into private credit and new institutional markets across the US, Europe, MENA and Japan.

Before that, he spent nearly nine years at KKR in Hong Kong, working on the launch of several first-time funds across infrastructure, special situations and energy, as well as expanding KKR's institutional presence across Asian markets. He began his career in investment banking at Goldman Sachs in Southeast Asia.

NIIF currently manages more than $7 billion in equity capital commitments across four strategies: Infrastructure, Private Markets, Growth Equity and Climate Investments. The fund manager is anchored by the Government of India alongside global institutional investors.

Published by HT Digital Content Services with permission from VC Circle.