ARA, a wholly owned subsidiary managed by ESR Group, has entered into a milestone partnership with the Export-Import Bank of China for the closing of a $1 billion infrastructure fund.
The Export-Import Bank of China — the main anchor sponsor of the fund — Gezhouba Group Overseas Investment Corporation, China Road & Bridge Corporation and ARA together committed $1 billion to the vehicle, China-ASEAN Investment Cooperation Fund (CAF II).
CAF II will invest in ASEAN countries across various infrastructure, energy resources, including renewables, and ICT sub-sectors, with a strong focus on sustainability and ESG standards. In connection with the fund’s closing, ARA Infrastructure, ARA private fund's infrastructure arm, was appointed investment adviser by the Export-Import Bank of China,
“We are very proud of our ARA Infrastructure team for setting up the largest ASEAN-focused private infrastructure fund,” said Jeffrey Shen and Stuart Gibson, co-founder