AIIB approves $150m in commitment

The multilateral bank approves commitment for catalysing private credit in Asia.

Institution: Asian Infrastructure Investment Bank
Headquarters: Beijing, China
AUM: $35.59 billion

Asian Infrastructure Investment Bank has approved a $150 million commitment to Keppel-Pierfront Private Credit Fund, according to a press release issued by the institution.

The objective of the allocation is to promote infrastructure private credit as an emerging asset in Asia-Pacific. The multilateral financial institution’s participation is aimed at mobilising private capital to address the financing constraints of mid-cap corporations in the infrastructure sector in the region.

The credit fund has a target size of $600 million. At the initial close, Pierfront Capital collected more than $200 million in LP commitments. The fund will implement environmental, social and governance policy guidelines in all its infrastructure investments.

As illustrated below, the recent commitments made by the AIIB have predominantly targeted the energy and renewable sector in Asia.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments