At a glance
- The commitment is split between a $50 million fund commitment and up to $50 million for co-investments.
- The two-part ticket gives AIIB a $50 million blind-pool commitment and a co-investment allocation drawn deal by deal.
- The $50 million fund commitment equals 2% of the $2.5 billion target; the co-investment line could take AIIB's total to $100 million if drawn.
The Asian Infrastructure Investment Bank has committed up to $100 million to TPG's Global South climate strategy, according to an Oct. 20 announcement. The commitment is split between a $50 million fund commitment and up to $50 million for co-investments. The strategy targets $2.5 billion.
The two-part ticket gives AIIB a $50 million blind-pool commitment and a co-investment allocation drawn deal by deal. The fund commitment goes into the pool and is deployed at the manager's discretion, while the co-investment portion is used only for specific assets. The 'up to' on the second $50 million means AIIB's eventual outlay depends on what TPG finds to buy.
The $50 million fund commitment equals 2% of the $2.5 billion target; the co-investment line could take AIIB's total to $100 million if drawn. The announcement did not specify whether co-investment capital counts toward that target.
Reported by The Wrap desk from ESG Capital Daily allocators desk reporting on the AIIB commitment and ESG Capital Daily transition desk reporting on fund closes (Blackstone, Ara Partners, Sosteneo). Published . Corrections