InfraCo Asia

InfraCo Asia is a member company of the Private Infrastructure Development Group (PIDG), funded by donor governments: the UK (FCDO), Switzerland (SECO), the Netherlands, Australia (DFAT), Sweden (Sida), and Germany (KfW), with additional support from the IFC. Its capital is concessional, not commercially raised from LPs. Returns from exited projects are recycled into new investments rather than distributed to the donor governments.

Yes. InfraCo Asia's mandate is to develop projects to financial close and construction completion, then exit to commercial infrastructure developers, regional energy companies, or private equity infrastructure funds. The Ninh Thuan Solar project in Vietnam was developed in partnership with Sunseap International and later sold to a commercial operator. The Coc San Hydropower project exited to a Vietnamese developer. Each exit recycles capital back into the firm's balance sheet for redeployment.

InfraZamin Pakistan is a credit-guarantee platform jointly established by InfraCo Asia and Karandaaz Pakistan, a local development finance institution. It provides partial credit guarantees to unlock local-currency debt for infrastructure projects in Pakistan, addressing a structural barrier where domestic banks lack the risk appetite for long-tenor infrastructure lending. InfraCo Asia's role was to provide seed equity and structuring expertise; Karandaaz manages local operations and regulatory compliance.

InfraCo Asia is a company limited by guarantee incorporated in Singapore, with its own board of directors and an independent investment committee. PIDG holds the guarantee — effectively the controlling interest — and appoints board members, but investment decisions are made by InfraCo Asia's management team in Singapore. This structure gives the firm operational independence while maintaining alignment with PIDG's development mandate and donor-country ESG requirements.