The International Rating Agency Moody’s confirmed EAAIF’s strong capital position, highly rated shareholder base, diversified portfolio and proven ability to raise funding from a group of prestigious commercial and institutional investors.
Co-head of Emerging Market Alternative Credit at Ninety One, the fund manager for the Emerging Africa & Asia Infrastructure Fund (EAAIF), Martijn Proos, noted:
“We are delighted that EAAIF’s consistent track record of performance – despite a challenging macroeconomic operating environment – has been reflected in our retention of the A2 rating. We already provide long-term, patient capital to transformative infrastructure projects in 20 African countries, and we are advancing plans to enter selected emerging and frontier markets in South and Southeast Asia.”
EAAIF’s expansion to Asian markets reflects the PIDG group’s geographic focus across Africa and Asia. This enables the Fund to achieve further portfolio diversification and bring the team’s project finance, asset management, and de-risking expertise to new geographies to deliver impact, commercially sound returns, and economic opportunities.
In 2023, EAAIF successfully raised $294 million of additional debt facilities, in one of the largest capital raises in recent years, led by a blended finance debt fund advancing infrastructure development across Africa. The funding bolsters EAAIF’s plan to invest over US$800 million in strategic infrastructure and economic growth in developing economies over the next few years.
In 2023, EAAIF committed over $274 million with 9 new transactions, spanning approximately 10 African countries and 3 critical sectors: Digital and Cloud Technologies, Transport, and Power/Energy. Recent highlights include:
