Asian Infrastructure Investment Bank (AIIB) has approved to commit US$100 million to CEL Infrastructure Investment Fund II (Fund II). The investment agreement also includes up to US$25 million in co-investments.
Fund II will focus on climate finance and ESG investments and will introduce ESG investment, management, assessment and evaluation policy with international standards to effectively address climate change and contribute to improvements in the environment and society. The fund targets to raise US$600 million, focusing on green and low carbon themes and primarily investing in renewable energy, new infrastructure and logistics projects in Southeast Asia and some other Asian countries. Fund II is expected to have its first closing by the end of 2022.