AIIB commits up to $100 million to TPG's Global South climate strategy
A $50 million fund commitment is paired with up to $50 million for co-investments; the strategy targets $2.5 billion.
At a glance
The Asian Infrastructure Investment Bank has committed up to $100 million to TPG's Global South climate strategy, according to an Oct. 20 announcement.
The two-part ticket gives AIIB a $50 million blind-pool commitment and a co-investment allocation drawn deal by deal.
The $50 million fund commitment equals 2% of the $2.5 billion target; the co-investment line could take AIIB's total to $100 million if drawn.
The Asian Infrastructure Investment Bank has committed up to $100 million to TPG's Global South climate strategy, according to an Oct. 20 announcement. The commitment is split between a $50 million fund commitment and up to $50 million for co-investments. The strategy targets $2.5 billion.
The two-part ticket gives AIIB a $50 million blind-pool commitment and a co-investment allocation drawn deal by deal. The fund commitment goes into the pool and is deployed at the manager's discretion, while the co-investment portion is used only for specific assets. The 'up to' on the second $50 million means AIIB's eventual outlay depends on what TPG finds to buy.
The $50 million fund commitment equals 2% of the $2.5 billion target; the co-investment line could take AIIB's total to $100 million if drawn. The announcement did not specify whether co-investment capital counts toward that target.
Save this analysis and keep the funds you follow together in My Desk.
Sign in to save articles or follow funds.
The WrapNORD/LB agrees to buy renewable energy adviser Voltiq
The WrapNORD/LB announces deal to acquire renewable-energy adviser Voltiq
The Wrap