PRINT

Multicountry: Asia Investment Fund

SUMMARY

STATUS
Approved
ECONOMY
Multicountry
SECTOR
Financial Institution
E&S CATEGORY
FI
PROJECT NUMBER
000218

FINANCING

PROJECT TYPE
Nonsovereign
APPROVED FUNDING
USD75 million
FINANCING TYPE
Stand-alone

TIMELINE

CONCEPT REVIEW
January 15, 2019
APPRAISAL REVIEW/FINAL REVIEW
March 26, 2019
FINANCING APPROVAL
July 11, 2019

OBJECTIVE

The objective is to mobilize private capital for infrastructure and other productive sectors by investing in non-controlling equity stakes in companies in AIIB members.

DESCRIPTION

The Asia Investment Fund is a private equity fund established to provide institutional investors with the opportunity to invest in companies in infrastructure and other productive sectors. The target fund size is USD3 billion. The current industry focus of the Fund includes telecommunication, transportation and energy. The Fund will invest primarily in mature companies in Asia with proven track records. In certain situations, the Fund may invest in portfolio companies domiciled outside Asia in AIIB members but with significant operations within Asia.

PROJECT FINANCING

For more information about project financing, please review the project summary.

ENVIRONMENTAL AND SOCIAL INFORMATION

AIIB's Environmental and Social Policy (ESP) is applicable to the Project, which has been placed in Category FI because it involves the provision of funds to AIF. After conducting prior review of the initial investments, the Bank will delegate the decision-making on the use of Bank funds to AIF, including the selection, appraisal, approval and monitoring of investments in portfolio companies. The Bank will retain the right to review the selection of further investments by AIF. As a newly established fund, AIF has recently established an Environmental, Social and Governance (ESG) policy and appointed a senior manager to oversee its implementation. AIF has requested support and guidance from the Bank to further develop investment guidelines that refer to the requirements of AIIB's Environmental and Social Framework (ESF). Additionally, the investment guidelines will include provisions to address AIIB’s sector strategies.

Please review the project summary for additional information.

PROJECT TEAM LEADER

Thomas Walenta

Senior Investment Officer

thomas.walenta@aiib.org

 

BORROWER

N/A

IMPLEMENTATION AGENCY

William Zhu

Legal Director Asia Investment Fund Management Limited

william.zhu@aic-fund.com

PROJECT DOCUMENTS

CLIENT/COFINANCING PARTNER DOCUMENTS

Home Projects Project Summary Project List Project Details Multicountry: Asia Investment Fund