G Narayanan, who left Global Infrastructure Partners (GIP) earlier this year, will be the new CEO of Athaang Infrastructure, the roads investment platform of India’s National Investment and Infrastructure Fund (NIIF), two sources told Infralogic.

Athaang is currently without a CEO after G Krishnamurthy left sometime around September-October last year, the sources said. Krishnamurthy’s LinkedIn profile does not reflect his departure yet, although it records an end date of January this year for his chief executive role at Athaang.

Narayanan was most recently a partner at GIP’s Mumbai office and led investments in sectors including roads, ports, railways and logistics.

Prior to GIP India, he spent more than 16 years with the IDFC group, whose alternatives business was acquired by GIP in April 2018. IDFC’s infrastructure team and support staff were transferred to GIP as part of the deal.

Athaang has just two assets currently – the Dichpally and Kashi tollways, totalling about 133km. It sold three of its concessions – Devanahalli Tollway, Quazigund Banihal Expressway and Jammu Udhampur Highway – to Cube Highways and Infrastructure last year, Infralogic reported at the time.

The Indian roads sector has attracted significant investor interest in the past eight years, with deals worth about USD 25bn reaching financial close, according to data compiled by Infralogic.

NIIF did not respond to a request for comment. Narayanan could not be reached for comment.