The Private Infrastructure Development Group’s (PIDG) Emerging Africa Infrastructure Fund (EAIF), which is managed by South African asset manager Ninety One, has expanded its mandate to stimulate sustainable infrastructure investment and growth in South and Southeast Asia. As part of the expanded mandate, the EAIF was renamed the Emerging Africa and Asia Infrastructure Fund (EAAIF). “As sustainable infrastructure financing becomes a more significant priority for countries across the globe, we are delighted to announce EAAIF’s expansion into Asia,” said Martijn Proos, Co-head of Emerging Market Alternative Credit and Managing Director for the EAAIF at Ninety One. “This expansion enables the fund to further diversify its portfolio, and share expertise from the team’s project, corporate and structured finance, asset management, and de-risking expertise across geographies in Asia and Africa – creating economic opportunities that deliver impact and commercially sound returns.” The fund will now have access to investment opportunities that will enhance the sustainability-related resilience of vulnerable communities across dynamic growth markets such as Indonesia, Vietnam and Malaysia. “From a strategic base in Singapore, EAAIF will seek to invest in transformative infrastructure projects in priority sectors such as renewable energy, digital communications and transport,” said Roland Janssens, Managing Director at Ninety One. “EAAIF will leverage PIDG and Ninety One’s strong track record of investing in Asia to support participation in Asian infrastructure debt markets and accelerate the transition to a lower-carbon future.”
