AfDB Partners ILX to Spur Investments in Africa

AfDB Partners ILX to Spur Investments in Africa

The African Development Bank (AfDB) and ILX Management B.V. have signed a partnership agreement to scale up investments and spur institutional investor capital mobilization for Sustainable Development Goals and climate-focused private sector projects in African countries.

The signing ceremony took place at the offices of ILX Management in the capital of the Netherlands, Amsterdam.

ILX’s investors are the Dutch Pension Fund Asset Managers, APG Asset Management (on behalf of ABP and bpfBOUW), and Achmea Investment Management (on behalf of Pensioenfonds Vervoer). Other Dutch and European pension fund participants in ILX successor funds are expected to join in the future.

ILX Fund I provides a scalable $1 billion private credit investment strategy to be deployed across emerging and developing countries, co-financing with global Multilateral Development Banks (MDB) and other DFIs.