An infrastructure co-investment platform was officially launched with the president of the Republic of Colombia, Iván Duque, the president and CEO of Caisse de dépôt et placement du Québec (CDPQ), Michael Sabia, and FDN president Clemente del Valle, as well as the presidents of all Colombian pension fund administrators in attendance.
The FDN and Colombian pension fund administrators (AFPs) have created a new private capital fund of $490 million. This fund will co-invest with CDPQ through a platform whose objective is to make capital investments in infrastructure projects and companies for a total amount of up to $1 billion. CDPQ will contribute up to $510 million. The minimum size of each investment will be $50 million, split between the fund and CDPQ.
Investments will be made in the energy sectors (including renewable energy), transportation, social infrastructure, telecommunications, water and basic sanitation, among others.
Investors in the private capital fund will include the FDN, with up to 20 percent of the total, and the remaining 80 percent will come from Colfondos, Old Mutual, Porvenir and Protección.