Establishment of the Leading Asia’s Private Sector Infrastructure Fund

Institutional Document | March 2016

This paper documents the establishment of the Leading Asia’s Private Sector Infrastructure Fund to cofinance nonsovereign infrastructure transactions in developing countries in Asia and the Pacific.

JICA will capitalize the fund with $1.5 billion in equity, and ADB will deploy and administer the fund’s capital alongside ADB’s nonsovereign operations. The fund is expected to leverage and complement ADB’s existing nonsovereign platform to fill financing gaps and increase access to finance for infrastructure projects in the region. It will extend ADB’s operations by deploying both commercial and concessional capital from the same fund, and cofinancing will be provided in the form of loans, equity investments, and mezzanine finance transactions.

Contents 

  • Introduction and Summary of Proposal
  • Background and Rationale
  • Objective and Scope: Commercial and Concessional Programs
  • Implementation Arrangements
  • Contributions
  • Administrative Arrangements
  • Risk Management and Mitigation
  • Recommendation
  • Appendix

Additional Details

Type
Subjects
  • ADB funds and products

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