ILX has launched a new emerging markets SDG-focused private credit fund with Dutch pension provider APG, on behalf of its pension fund clients ABP and bpfBOUW, investing USD750 million.
This new fund will invests in private-sector loans arranged by the leading Multilateral Development Banks and other DFIs, such as the ADB, AfDB, EBRD, IDB-Invest, IFC and FMO.
Amsterdam-based ILX offers the opportunity to benefit from the DFIs’ long-standing track record of successfully investing in key economic sectors across the emerging markets and contributes directly to its SDG and climate-related commitments, whilst offering attractive risk-adjusted returns, combined with robust ESG safeguarding. Furthermore, the fund’s investment strategy of selectively co-investing with a broad range of leading DFIs provides investors with both the desired diversification and scale. Following the USD 750 million first-close commitment from APG, ILX targets USD 1 billion in total fund size for ILX Fund I.
Read more/Source: Private Equity Wire
