| Singapore's sovereign wealth fund, GIC has become an anchor investor in IFC Asset Management Co's US$1.2 billion (S$1.5 billion) infrastructure equity fund that also raised capital from several other sovereign wealth funds and pension funds.
The fund's mandate is to make equity and equity-related investments alongside International Finance Corp (IFC) in a broad range of infrastructure sectors in developing countries, according to an IFC statement. The fund's initial target was US$1 billion. The IFC is part of the World Bank...............................................Full Article: Source
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