TamilNadu Infrastructure Fund Management Corporation Ltd. (TNIFMC)

Tamil Nadu Infrastructure Fund Management Corporation Ltd. (TNIFMC) is an Asset Management Company. We specialize in hand's on development of state-centric infrastructure projects, to deliver superior risk adjusted returns in the infrastructure sector. - TNIFMC currently manages two Alternative Investment Funds (AIF): o Tamil Nadu Infrastructure Fund (TNIF) with a target corpus of Rs.6000 crores (AUM ~USD175 million and co-investment commitment of USD250 million). o Tamil Nadu Shelter Fund (TNSF) with a target of Rs.3000 crores (AUM ~USD57 million, expected to be USD100 million by December 2020). - We invest in infrastructure across sub-sectors in the "Harmonized Master List": o Track record - Over 5 years we have worked closely with the Government to develop projects in 5 sectors (Energy, Water, Affordable Housing, Commercial estates and Tourism) and are at an advanced stage of development in 3 more sectors (Transportation, Agricultural & Industrial Parks). - We develop and invest in projects promoted by GoTN and its parastatals, ring-fenced in Platform Companies that are actively managed by us. Partners for project execution and operations are selected from the private sector. o Theme – Government-controlled infrastructure sectors, where we add alpha through the multi-faceted benefit of private capital and execution, mitigating execution, payment & liquidity risks - We have a very disciplined process, with extensive investigation and documentation, where we use our access to the Government via the Project Origination Team which is headed by an IAS Officer o Team – "Dual Discipline" – private sector and government high-performers. Pay structures are determined by market surveys and are aligned to performance.