India’s National Investment and Infrastructure Fund (NIIF) plans to launch its second Master Fund, targeting $3.5 billion-$4.5 billion in co-investments, following the success of its first fund, which raised $2.34 billion. Master Fund II will focus on infrastructure sectors, including transportation, energy, and digital infrastructure, and aims for a similar investor base as its predecessor. NIIF has begun engaging existing investors and plans to attract new ones from various regions. Additionally, NIIF is working on monetizing its renewable energy and roads platforms while expanding into climate-focused investments and credit strategies.