Deutsche Investitions- und Entwicklungsgesellschaft (DEG) is investing in the multi-sector infrastructure fund Mubadala Infrastructure Partners Fund II (MIP II).
The company is investing a total of US$ 45 million in MIP II, which aims to raise about US$ 750 million. MIP II's geographical focus are the MENA region, sub-Saharan Africa and South-East and South Asia.
The fund will invest in companies that provide water and energy supply and that developd transport social and telecommunications infrastructure in emerging markets. The fund also aims to contribute to strengthening environmental and social management systems in the companies financed.
DEG offers direct financing to companies as well as long-term funding for banks and funds. This is used to provide local enterprises in developing countries with investment capital.