PIDG backs BlackRock-linked fund; seeks to drive private capital to African infrastructure
PIDG will support the GIP Infrastructure Resilience Development Fund through a $6.4 million first-loss catalytic capital investment.
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The Private Infrastructure Development Group (PIDG) has committed to partner with Global Infrastructure Partners (GIP), a part of BlackRock, to help mobilise approximately $750 million private institutional investment into climate-resilient infrastructure in emerging markets and developing economies.
Subject to regulatory and investor approvals, PIDG will support the GIP Infrastructure Resilience Development Fund (IRDF) through a $6.4 million first-loss catalytic capital investment. GuarantCo, PIDG’s guarantees solution, will provide certain IRDF investors with a $35 million partial second-loss guarantee at the end of the fund life.
“PIDG brings 25 years of experience investing in African infrastructure and mobilising private capital into some of the continent’s most challenging markets. By partnering with Global Infrastructure Partners, part of BlackRock, we strengthen the fund’s ability to identify, structure, and scale climate-resilient infrastructure investments across Africa. Crucially, this partnership de-risks opportunities for global institutional investors, providing them with a clear pathway into the continent and unlocking the private capital needed for Africa’s energy transition and sustainable development,” said Philippe Valahu, CEO of PIDG, in an exclusive comment to Africa Private Equity News.
The IRDF is a blended finance vehicle designed in partnership with the Insurance Development Forum to enhance natural catastrophe protection and build climate resilience in developing nations. The fund will invest in sectors such as clean energy, water and sanitation, transport, digital infrastructure and other climate-resilient assets.
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