Azerbaijan's State Oil Fund Contributes to New IFC Global Infrastructure Fund

2 Apr 2013 by Local Press Report

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) joined the International Finance Corporation (IFC) and other sovereign wealth funds and pension funds in investing in newly created IFC Global Infrastructure Fund, APA-Economics reports. The IFC Global Infrastructure Fund will give investors access to the investment pipeline of IFC in equity and equity-like investments in infrastructure projects and companies in emerging markets globally. The IFC Global Infrastructure Fund, which will be managed by a wholly owned subsidiary of IFC, IFC Asset Management Company, LLC (AMC), will participate in infrastructure investments in sectors that comprise power, transportation, utilities, telecommunications, urban infrastructure and infrastructure services companies...

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