IFC to invest $50m in GP Infrastructure Partners

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IFC to invest $50m in GP Infrastructure Partners

The international Finance Corporation (IFC), a member of the World Bank, has announced it is analyzing an investment of US$50 million in GP Infrastructure Partners L.P.

The 12-year closed-end private equity fund, managed by GP Investimentos, is seeking to raise US$750 million with a first close by April 2015.

The proposed IFC commitment is in the form of equity of up to US$50 million, not to exceed 20% of total capital commitments to the fund. IFC would be supporting the manager in attracting other investors to the fund

The fund manager and general partner will be a Cayman Islands limited liability company. The investment staff will operate out of Sao Paulo, Brazil. IFC will collaborate with the manager to improve the fund's efficiency by co-financing infrastructure projects where IFC's expertise and products can add value.

The fund has plans to make equity investments in 6 to 10 infrastructure projects primarily in Brazil. Specifically the investments may include projects in:

  • communication infrastructure;
  • energy (including wind, hydro and thermal);
  • water and waste; and
  • transportation and logistics (ports, car parks and airports).

The fund aims to contribute to the competitiveness of the country by reducing critical infrastructure bottlenecks that limit growth and job creation.

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