Sustainable Finance

AIIB Contributes $100 Million to CEL Infrastructure Investment Fund II

Published on: 5 July 2022 05:15 PM
by KnowESG
AIIB-MCDF-Partnership-to-Foster-High-Quality-Infrastructure-Investments 1129px

CEL Infrastructure Investment Fund II, a private equity fund sponsored and managed by China Everbright Limited, has made substantial fundraising advancements. On June 29, 2022, the Asian Infrastructure Investment Bank (AIIB) approved a $100 million investment in Fund II, including a co-investment sleeve of up to $25 million.

The AIIB is a multilateral development bank comprised of 105 international members. Its mission is to fund "Infrastructure for Tomorrow" with a focus on sustainability.

It is committed to releasing new funds and investing in green, technology-enabled, and cross-border connectivity infrastructure to promote sustainable economic development and regional connectivity in Asia and throughout the world.

This marks a new phase of internationalisation, professionalisation, and marketisation for CEL. Fund II will focus on climate finance and ESG investing and introduce ESG investment, management, assessment, and evaluation policy under international standards to ensure that future investments will have positive impacts on addressing climate change and enhancing the environment and society.

The Foreign Infrastructure Investment Fund team is one of CEL's principal teams exploring overseas investment. The team developed and managed the Everbright Overseas Infrastructure Investment Fund L.P., which invested more than US$450 million in infrastructure assets in Europe, Southeast Asia, and Hong Kong SAR.

The team is attempting to raise $600 million for Fund II, with a focus on green and low-carbon initiatives. Fund II will invest predominantly in renewable energy, new infrastructure, and logistics projects in Southeast Asia and other Asian nations.

Source: ACNnewswire

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