GIC Private to anchor IFC Global Infrastructure Fund

The fund - which has now surpassed its original target of $1 billion - received $200 million from IFC as well as commitments from 9 other sovereign and pension fund investors from Asia, the Middle East, Europe and North America, according to a statement.

The fund, managed by AMC's team based in Washington and Singapore, will make equity investments alongside IFC in a broad range of infrastructure sectors, including power, transport, utilities, and telecommunications, in developing countries. By leveraging IFC's experience and networks, it intends to offer investors a cost-efficient platform to make direct infrastructure investments in markets where barriers to entry and transaction costs can be a deterrent.

"While infrastructure investing has grown in developed markets, it is still largely an orphaned asset class in many emerging regions. What is missing is long-term risk capital that understands where the growth opportunities lie and recognizes the need for well-structured investments that address the real risks involved, not simply the perceptions of risk. The Fund will help to fill this gap," said Gavin Wilson, CEO of AMC.

As the end of fiscal year 2013, IFC's committed portfolio in infrastructure sectors totaled more than $11 billion, of which $2.7 billion was new investment.

AMC manages over $6 billion across 6 investment funds, including one fund-of-funds.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Southeast Asia
• Fundraising
• Infrastructure
• Fundraising
• Infrastructure
• IFC
• GIC Private
• Singapore