IFC Asset Management Company (AMC), a wholly-owned subsidiary of the International Finance Corporation (IFC), has raised a total of US$1.2 billion for its infrastructure equity fund.

The IFC Global Infrastructure Fund (GIF), which will be managed by an AMC team based in Washington and Singapore.

The fund is aimed at making equity and equity-related investments in sectors such as power, transport, utilities and telecommunications in developing countries.

The IFC GIF is part of World Bank’s strategy for greater mobilisation of the private sector to promote economic growth and development.

IFC AMC CEO, Gavin Wilson, said while infrastructure investing has grown in developed markets, it is still largely an orphaned asset class in many emerging regions.

"The fund will help to fill this gap, taking advantage of the risk mismatch and benefiting from IFC’s extensive track record and expertise in such investments," Wilson added.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The fund was collected from 11 investors including IFC and Singapore’s sovereign wealth fund GIC as anchor investors, and nine other sovereign and pension fund investors from Asia, the Middle East, Europe and North America.