Multi-Country: Ninety One Emerging Market Infrastructure Debt Fund Investment (Equity) (AIIB-001118)

Regions
  • World
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
FI
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 16, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Sectors
  • Communications
  • Energy
  • Finance
  • Transport
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 80.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ AIIB website

Updated in EWS Nov 11, 2026

Disclosed by Bank Jul 27, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank's website, the approved project proposes a total AIIB commitment equal to the lower of (i) USD80 million and (ii) 10% of the final fund size to Ninety One Emerging Markets Infrastructure Debt Fund 1 (“EMID 1 Fund”, or the “Fund”), subject to AIIB not being the largest investor. The proposed AIIB allocation will comprise: (i) USD75 million in a bond issued by a Luxembourg securitization vehicle that will hold the Class A preference shares issued by the EMID 1 Fund, and (ii) USD5 million in Class B ordinary shares issued by the EMID 1 Fund, matching the commitment of the General Partner in the Class B Shares. The EMID 1 Fund targets USD1 billion in commitments and aims to build a diversified portfolio of private sector infrastructure loans. AIIB’s investment will be used to finance investments in AIIB regional members, in line with AIIB’s mandate, using a use of proceeds approach. The Fund’s target sectors include renewable energy, power transmission and distribution, transportation, telecommunications, digital infrastructure, and water and sanitation – sectors that support infrastructure resilience and economic development in emerging markets.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

AIIB Proposed Commitment: The lower of USD80 million and 10% of the final fund size (including up to USD75 million in a bond issued by a Luxembourg securitization vehicle that will hold the Class A preference shares issued by the Fund and USD5 million in Class B ordinary shares issued by the Fund). 

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Ninety One is a global active investment manager specializing in equities, fixed income, credit, and emerging markets. It manages investments for institutional and individual clients, aiming to deliver long-term returns while supporting sustainable development and the energy transition. 

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Ninety One UK Limited Investor Finance

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Project Team Leader: Torsten Albrecht

Title: Principal Investment Officer 

Email: torsten.albrecht@aiib.org 

Co Project Team Leader: Farid Sheikh 

Title: Senior Investment Officer 

Email: farid.sheikh@aiib.org 

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html

ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html

How it works

How it works