AIIB approves USD60 mn commitment to STIC Asia Infra Fund
The Asian Infrastructure Investment Bank (AIIB) has committed US$60 million to the STIC Asia Infrastructure Innovation Fund.
The fund is managed by STIC Investments, a private equity firm in South Korea, and has a target size of US$480 million. The fund will invest in small and medium-sized companies across digital infrastructure and green energy infrastructure sectors in South Asia, Southeast Asia and the Republic of Korea.
The goal of AIIB is to grow technology-enabled infrastructure innovation in developing Asian economies by mobilizing private capital. It aims to foster the adoption and development of technologies and contribute to mobilizing capital from Korean institutional investors toward developing Asia.
Country updates
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September 27, 2021
South Korea awards hydrogen port complex concession
Ministry of Oceans and Fisheries in South Korea has selected SK Group to develop hydrogen port complex stations in the southern ports of the country. SK Group will lead the development of a hydr...
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September 13, 2021
Paraguay and South Korea sign MoU for train PPP project
The Governments of Paraguay and South Korea have signed the Memorandum of Understanding (MoU) for the development of the Cercanía train PPP project in Paraguay. The project involves the constr...
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June 17, 2021
BlackRock reaches final close for its infrastructure fund at USD1.67 billion
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June 10, 2021
Final Close of USD3.65 billion achieved for European Infrastructure Fund
DWS has announced the final close of its third Pan European Infrastructure (PEIF III) fund achieving EUR3 billion (US$3.65 billion).
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May 24, 2021
POSCO agrees to acquire 30% stake in Ravensthorpe Nickel Operation
First Quantum Minerals has entered into a binding agreement to sell a 30% equity interest in the Ravensthorpe Nickel Operation in Western Australia to POSCO, a steel producer. The transaction is value...
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