The Asian Infrastructure Investment Bank (AIIB) has approved a $60 million commitment to the STIC Asia Infrastructure Innovation Fund, managed by STIC Investments, one of the largest private equity firms in Korea.
STIC’s global investor base includes sovereign wealth funds, public pension funds, insurance companies, financial institutions, family offices, endowments, foundations and fund-of-funds.
The fund will predominantly 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.
With its recent commitment, AIIB is aiming to foster technology-enabled infrastructure innovation in developing Asian economies by mobilizing private capital.
“In addition to strengthening relationships with key institutions in the region, this project would be AIIB’s first investment in a fund sponsored by a general partner in the Republic of Korea,” said Don
