UNOPS targeting $1bn for impact infrastructure fund

Excerpt from Infrastructure Investor: UN agency wants to attract institutional capital to fund environmental and social infrastructure projects across the developing world.

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 Investor.

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.

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