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.
Through this scalable ILX fund allocation, DFIs are provided with increased investment capacity for future sustainable projects in key economic sectors and the critical greening of the emerging market economies.