IFC backs Emerging Markets Infrastructure Fund II
IFC backs Emerging Markets Infrastructure Fund II
The International Finance Corporation has announced a $50 million equity investment in A.P. Moller Capital’s $1 billion Emerging Markets Infrastructure Fund II.
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The International Finance Corporation (IFC) has announced a $50 million equity investment in A.P. Moller Capital’s $1 billion Emerging Markets Infrastructure Fund II (EMIF II).
The fund will invest in Africa, and South and Southeast Asia. Approximately 60% of the fund will focus on onshore transport infrastructure (ports and storage, roads and rail, warehouses and distribution), while the remaining 40% will be directed towards renewable energy, as well as distribution infrastructure.
”This partnership is an excellent opportunity to further our ethos of ’doing well while doing good’ as we look to increase sustainable investments in green energy and transport in high growth markets in Asia and Africa,” said Kim Fejfer, managing partner and CEO at A.P. Moller Capital. ”We have made it a priority to work with partners who are as invested as we are to build sustainable businesses that seek to support society through economic and social development.”
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