AustralianSuper invests $500M in Indian infrastructure

• AustralianSuper is investing an additional $500 million into India's National Investment and Infrastructure Fund.
• The deal increases the pension fund's total financial exposure in India to $3.3 billion.
• The strategy aims to expand the organisation's global infrastructure portfolio through established state-backed channels.

AustralianSuper announced a further $500 million investment into India's National Investment and Infrastructure Fund to expand its global portfolio.

This new capital injection builds upon an initial $240 million commitment made seven years ago.

The fund stated that the original infrastructure partnership has been one of its top-performing investments.

The new transaction elevates the total value of the organisation's Indian asset holdings to $3.3 billion.

Following the announcement, the AustralianSuper share price was unchanged, as the organisation is an unlisted pension fund.

India established the state-backed infrastructure fund in 2015 to attract international institutional capital.

The pension giant currently manages $410 billion in total assets across various global markets.