The African Development Bank and ILX Management B.V. (ILX) signed a partnership agreement to scale up investments and spur institutional investor capital mobilization for Sustainable Development Goals and climate-focussed private sector projects in the Bank Group’s regional member countries.
ILX’s investors are the Dutch pension fund asset managers APG Asset Management, (on behalf of ABP and bpfBOUW) and Achmea Investment Management, (on behalf of Pensioenfonds Vervoer), with other Dutch and European pension fund participants in ILX successor funds expected to join in the future. ILX Fund I provides a scalable $1 billion private credit investment strategy to be deployed across emerging and developing countries, co-financing with global Multilateral Development Banks (MDB) and other DFIs.
Hassatou N’Sele, Vice President and Chief Financial Officer of the African Development Bank Group, commented: “We are very pleased to be partnering with ILX to mobilize…
