European LP backs A.P. Moller infrastructure fund
German development finance institution DEG is contributing $50 million to the Emerging Markets Infrastructure Fund II, managed by A.P. Moller Capital.
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German development finance institution DEG is contributing $50 million to the Emerging Markets Infrastructure Fund II (EMIF II), managed by A.P. Moller Capital. The fund will focus on investments in transport infrastructure and renewable energy in selected high growth markets in Africa and Asia that resolve local logistical bottlenecks and generate green electricity.
The fund is targeting total commitments of $1 billion.
EMIF II’s first investments include an air cargo logistics company in Egypt and a cold chain logistics company in South Africa.
EMIF II is the second fund by the fund manager A.P. Moller Capital, founded in 2017 and part of the A.P. Moller Group, after the Africa Infrastructure Fund I.
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