Philippine Investment Alliance for Infrastructure Fund

Date: July 2012
Country:
Subject:
Finance; Private sector
Document Type: Reports and Recommendations of the President
Project Number: 45929-014

Description

This Report and Recommendation of the President describes terms and conditions on a proposed equity investment in the Philippine Investment Alliance for Infrastructure (PINAI) Fund, for the approval of the Board of Directors of ADB.

The PINAI Fund is a private equity fund to be capitalized at up to the Philippine peso equivalent of $625 million, which will invest in core infrastructure assets in the Philippines. It will be managed by Macquarie Infrastructure and Real Assets (MIRA), a global infrastructure asset manager, through a management vehicle wholly owned by Macquarie Group.

Linked Document(s)

  1. Sector Overview
  2. Ownership, Management, and Governance
  3. Details of Implementation Arrangements
  4. Contribution to the ADB Results Framework
  5. Financial Analysis
  6. Country Economic Indicators
  7. Summary Poverty Reduction and Social Strategy
  8. Safeguards and Social Dimensions Summary
  9. Financial Intermediary: Environmental and Social Management System Arrangement