The World Bank’s $115 billion development finance institution has placed sustainable investment practices at the top of its list of requirements for potential partners.
The investment arm of the World Bank is reshaping Asian markets by strengthening governance, powering private investment and dismantling market barriers.
Abu Dhabi wealth fund ties up with Goldman Sachs for Asia-Pacific private credit; GPIF hires 16 managers to manage local mandates; Australian super funds team up to invest in housing; KWAP makes first batch of VC investments under new strategy; and more.
Ping An names new co-CEO; former Ontario Teachers' executive takes on new role; BlackRock's China wealth management JV names new CIO; AIA hires group partnerships lead; GIC names deputy chairman; IFC appoints regional head in Asia; and more.
The China-based multilateral bank could refinance its brownfield infrastructure projects in the capital markets, giving institutional investors infrastructure-linked assets to invest into.
The private-sector arm of the World Bank has handed $50 million in seed money to the Asia-focused platform, which aims to provide low-double-digit annual returns over its eight-year term.
The International Finance Corporation is considering issuing mandates to third-party managers to bring $2.5 billion to frontier and emerging public markets.