Corporación Andina de Fomento, Inter-American Development Bank and the Colombian government have already committed capital to the infrastructure vehicle in a co-sponsorship deal. The infrastructure fund, which is currently raising, is managed through a consortium lead by Ashmore Investment Management and Colombian investment bank Inverlink, with Macquarie Funds Group providing technical advice. It was established to meet the growing demand for infrastructure development in Colombia in the areas of energy, transportation, telecoms and waste management. The infrastructure fund is initially seeking investment purely from Colombia-based institutional investors but is planning on opening up to European and US-based investors in the future. Ashmore, Inverlink and Macquarie have also committed capital to the infrastructure fund.
Infrastructure Fund of Colombia will be competing against three other unlisted infrastructure funds that are either currently in market, or soon to be entering the market and looking to invest in Columbian infrastructure. The aggregate fundraising total of the three infrastructure funds amounts to USD 2.3 billion. The managers of the funds include EMP Global, ND Capital Partners and Santander Infrastructure Capital.
For more information on infrastructure funds currently in the market or recently closed, please see infrastructure fund profiles