Asian Development Bank approves $100m commitment

The Philippines-based banking service has backed a fund of funds vehicle.

Institution: Asian Development Bank
Headquarters:Manila, Philippines
AUM: $198.6bn
Bitesize: $50-$100m

Asian Development Bank has agreed to commit $100 million to NIIF Fund of Funds. Established in 2018, NIIF Fund of Funds aims to provide India-focused fund managers with long-term opportunities within infrastructure projects .

As illustrated below, Asian Development Bank has committed to funds focused on the energy, renewables, transport, social infrastructure, utilities and telecoms sectors across Asia-Pacific.

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