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BlueOrchard and the International Finance Corporation (IFC) have launched an emerging markets private debt investment vehicle targeting up to $2 billion in commitments.
Tokio Marine Group is the anchor investor in the vehicle’s $300 million first close.
The vehicle is structured as an evergreen fund, allowing investors to subscribe and redeem during predefined windows while capital from investments can be reinvested.
It is designed for private investors – including pension funds, insurers, and sovereign wealth funds – seeking long-term private credit exposure.
“Emerging markets need trillions of dollars to invest in their development – far more than public finance can supply,” said Makhtar Diop, IFC managing director. “This initiative with BlueOrchard and Tokio Marine Group creates a scalable way to connect institutional capital with businesses that create jobs, expand opportunities and improve lives in the places that need it the most.”
“Institutional investors are increasingly looking for long-term private credit opportunities that combine returns and diversification with access to emerging markets,” said Michael Wehrle, CEO of BlueOrchard. “With 25 years of experience investing across these markets and building diversified and resilient portfolios, we can provide that access at scale while directing capital to where it can have meaningful impact.”
“This investment marks a natural next step in Tokio Marine Group’s longstanding partnership with IFC. Combining IFC’s origination capabilities with BlueOrchard’s 25-year track record in managing diversified emerging market debt portfolios gives us access, at scale, to a segment of private credit that has traditionally been difficult for institutional investors to reach. We are pleased to deepen our collaboration with IFC and BlueOrchard through this investment. We are proud to bring our long-term institutional capital to this initiative, which will help support sustainable and resilient economic growth and create jobs in emerging markets,” said Masahiro Koike, group CEO of Tokio Marine Holdings.
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