The Emerging Africa & Asia Infrastructure Fund (EAAIF) has closed a $325 million debt round, lifting its total recent fundraising to $620 million—well above its $500 million target set for end-2025.
The fund, managed by Ninety One and part of the Private Infrastructure Development Group (PIDG), aims to deploy over $1 billion into critical infrastructure across emerging markets by 2028.
The latest capital injection was led by Allianz Global Investors, which committed €100 million on behalf of Allianz Group.
Other participants include South Africa’s ABSA ($75 million), Standard Bank ($50 million), Japan’s Sumitomo Mitsui Banking Corporation ($50 million), and Sweden’s Swedfund (€40 million). This follows a $294 million raise in 2024.
Moody’s reaffirmed EAAIF’s A2 credit rating with a stable outlook in 2024, underscoring its credibility in infrastructure debt markets.
Since its inception in 2001, EAAIF has invested over $3 billion in 125 projects across 25 countries and 10 sectors, targeting assets that enable digital transformation, clean energy, and climate resilience.
The new funding supports EAAIF’s strategy of bridging the climate finance gap, especially in regions where only a fraction of needs are currently met.
PIDG aims to commit $9 billion and mobilize $25 billion by 2030. The EAAIF platform is seen as a key instrument for channelling both public and private capital into bankable infrastructure opportunities.
“This raise reflects strong investor confidence in our ability to generate impact and returns,” said Martijn Proos, Managing Director at EAAIF.
Business News Asia