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The appointment goals to strengthen funding choices and supply one other layer of oversight on offers, the particular person mentioned, asking to not be recognized because the matter is non-public. Dhar shall be a voting member on the funding committee and valuation panel for all funds, the particular person mentioned.
A spokesperson for NIIF, because the fund can be identified, declined to remark.
Dhar joined NIIF in 2017. Having labored as govt director and chief working officer, he was made interim CEO and managing director final Might, some eight months after Sujoy Bose vacated that place. Sanjiv Aggarwal, previously head of Asia vitality funding at Actis LLP, took over because the fund’s CEO and managing director in February.
Based in 2015, NIIF is 49% owned by the Indian authorities and has greater than $4.9 billion in property underneath administration, making it the nation’s largest infrastructure fund, in response to its web site. The fund’s backers additionally embody Abu Dhabi Funding Authority and Canada Pension Plan Funding Board.
