MIP's New Fund Secures USD 45 Million Commitment from DEG
Cologne, Germany, 28 November, 2018 – DEG – The German Investment and Development Corporation has approved a USD 45 million commitment to Mubadala Infrastructure Partners II (“MIP II”), an independent emerging markets infrastructure fund that will make investments in MENA (Middle East North Africa), Turkey and select countries in Sub-Saharan Africa and South and South East Asia. MIP II will invest in key infrastructure sectors including energy, water, transportation, telecommunications and social infrastructure across secondary, brownfield and late-stage greenfield transactions.
MIP II aims to capitalize on investment opportunities arising from evolving macroeconomic fundamentals and trends in emerging markets infrastructure. MIP II’s investments will play a crucial role in supporting the development of local economies and communities in the emerging markets in which the fund is active. MIP has offices in both Abu Dhabi and Johannesburg.
Commenting on the commitment, Dr. Tilman W. Kruse, Director Corporates & Funds EMECA at DEG, said: “We are delighted to support MIP´s strong and experienced team. MIP II´s pan-regional approach is a perfect fit for us, given our mandate to tackle infrastructure bottlenecks across emerging markets. This investment further underscores our commitment to leading emerging markets GPs capable of identifying and executing impactful infrastructure opportunities.”
“We are pleased and enthusiastic to work with leading investors in emerging markets such as DEG from the DFI community. Our investment strategy builds on our existing track record and expertise in MIP I and continues to seek control-oriented and significant minority investments in infrastructure assets and infrastructure-related businesses across key sectors in our target geography.” said Philip K. Haddad, Managing Partner of MIP.
DEG – Deutsche Entwicklungs- und Investitionsgesellschaft mbH
For over 55 years DEG has been a reliable partner to private-sector enterprises operating in developing and emerging markets. DEG provides long-term financing and advice tailored to individual needs, and is investing into private equity funds across emerging markets. DEG´s clients are supported in their sustainable development, generating local added value and creating qualified jobs. As a development finance institution, DEG deliberately taps future markets and promotes the expansion of the private sector.
Mubadala Infrastructure Partners Limited
Mubadala Infrastructure Partners is an independent fund manager focusing on infrastructure investments emerging markets.