The Philippines Government Service Insurance System has committed $300 million to Global Infrastructure Partners Emerging Markets Fund. The fund invests in global infrastructure projects covering transport, energy and digitalization.
“This partnership is in line with our continued effort to further diversify our assets and generate higher returns for the benefit of our more than two million members and pensioners,” says Wick Veloso, GSIS president and general manager and acting board chairman.
The Philippine Star reports that GIP’s current top officials are a former president of the World Bank and a CEO of International Finance Corp. The fund focuses on investments in power and utilities, natural resources infrastructure, air transport infrastructure, seaports, freight railroad, water distribution and treatment and waste management.
GIP manages $87 billion in assets on behalf of its global investor base.