Singapore’s GIC Invests in 1.2 Billion IFC Global Infrastructure Fund
GIC Private Limited, one of Singapore’s sovereign wealth funds, became an anchor investor in IFC Global Infrastructure Fund, LP. IFC Asset Management Company, LLC, wholly-owned by the International Finance Corporation, raised US$ 1.2 billion for their infrastructure equity fund. IFC has been raising capital for this fund for months.
IFC Global Infrastructure Fund, LP received commitments from 11 investors, including sovereign wealth funds and public pensions. The IFC has had success in raising capital to fund private equity infrastructure investments in developing countries. The fund will be managed by a team based in Washington, D.C. and Singapore.
IFC Asset Management Company, LLC – Fundraising – Billions USD[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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