The United Nations Office
for Project Services (UNOPS), the United Nations’ operational arm, is preparing
to launch a $1 billion impact infrastructure fund targeting institutional
capital, UNOPS social investments specialist Meredith Sanna told Infrastructure
The fund will focus on environmental projects – such as renewables, waste
management and water – and social infrastructure – including healthcare,
education facilities and social housing – across the developing world. The
latter, according to the UNCTAD World Investment Report 2014, needs up to $2.8
trillion annually to combat climate change and provide its inhabitants with
access to clean water and sanitation.
Sanna said the fund will focus primarily on equity investments, although it
could also potentially do some debt investments. It will seek to attract
capital from pensions, sovereign wealth funds, insurance companies, family
offices, foundations and development finance institutions.
You can read the full article here