US-based asset management firm BlackRock has launched a US$280 million infrastructure debt fund that will invest in highways and other infrastructure projects in Colombia.

The Colombia Infrastructure Debt Fund will invest in infrastructure opportunities emerging in Colombia and aims to provide investors with attractive yields and long-dated investments linked to inflation.

According to sources global director of BlackRock Infrastructure Debt, Erik Savi, said:

"We think that Colombia represents an important investment opportunity that is evolving rapidly for investors that are seeking high quality infrastructure assets."

Armando Senra, head of the Latin America and Iberia Region at BlackRock, said:

"Colombia is an impressive growth market and BlackRock remains committed to expanding our presence there."

"Colombia’s infrastructure program presents an opportunity for us to partner with one of Latin America’s most stable markets to provide a positive impact for both our clients and the country."