IFC Raises $1.2B For Infrastructure Fund

Law360, New York (October 9, 2013, 4:14 PM EDT) -- The International Finance Corp.'s asset management arm has finished raising $1.2 billion for its  infrastructural equity fund and will start investing it in developing countries, it announced Tuesday.

Eleven investors, including sovereign and pension funds throughout the world, have contributed the money, which exceeded IFC Asset Management Co. LLC's initial target of $1 billion. The firm believes that infrastructure in developing countries is overlooked both as a prerequisite for economic growth and as an asset class. IFC itself was one of the anchor investors along with...
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