ADB Injects Funds in Private Water Infrastructure Fund

A dam in China. The Asian Development Bank will invest USD20 million to support the development of water infrastructure in Asia. Photo by: Brian Yap / CC BY-NC Brian YapCC BY-NC

The Asian Development Bank is investing USD20 million in a private equity fund that focuses exclusively on supporting the development of water infrastructure in Asia.

This is ADB’s first contribution to the Asia Water Fund, which is owned by a subsidiary firm of the AmInvestment Group. The fund is expected to invest 70 percent of its portfolio in China and the rest in countries across Southeast Asia. Its target fund size is USD100 million and it is projected to spend up to USD10 million per investment.

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  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.