The International Finance Corp. (IFC) is considering an investment of up to $150 million in a Macquarie Asset Management infrastructure fund focused on the Asia-Pacific region.

The proposed investment consists of an equity commitment of as much as $100 million to the Macquarie Asia-Pacific Infrastructure Fund 4 and a separate co-investment allocation of up to $50 million, according to an IFC disclosure dated Oct. 21 (source). Pairing a fund commitment with a co-investment sleeve is a common structure among institutional investors, combining diversified exposure through the vehicle with direct stakes in individual assets.

The proposal is scheduled for consideration by the IFC’s board on Nov. 25, a decision that would determine whether the commitment moves forward.

The fund will invest in infrastructure assets across Asia-Pacific, including India, the Philippines, Thailand, Indonesia, Malaysia, Australia, South Korea and Japan. “The fund will deploy capital to manage infrastructure in sectors such as data centers, fiber networks and renewable energy,” the IFC said.

Its other target areas include transportation, logistics, waste management, healthcare and infrastructure supporting urban development.

The IFC said its investment would be predominantly allocated to emerging Asian markets. That geographic focus aligns with the institution’s role as the World Bank Group’s private-sector arm, which finances private companies and funds across developing economies. The commitment would also represent its first investment in Macquarie Asset Management’s Asia-Pacific infrastructure fund series.

Macquarie Asset Management, a division of Australia’s Macquarie Group, had 722.1 billion Australian dollars in assets under management, excluding real estate, as of March 31, according to the disclosure. The firm ranks among the world’s largest managers of infrastructure assets.

— Justine Irish D. Tabile