EBRD and ILX launch Institutional Co-Investment Programme to mobilise €500 million of European pension fund capital. Investments to be in climate finance and other areas supporting the UN’s Sustainable Development Goals

 

The European Bank for Reconstruction and Development (EBRD) and ILX Management (ILX) have agreed a partnership to mobilise €500 million of European pension fund capital. The investments will be made to support the transition to more sustainable, low-carbon economies across the EBRD regions. ILX will be investing on behalf of European pension providers, such as APG Asset Management.

Under the new partnership, the EBRD and ILX, an Amsterdam-based emerging market asset manager, will launch an Institutional Co-Investment Programme. It will have a target of €500 million over the next five years, supporting the EBRD’s ambition to double private co-financing by 2025 with a focus on climate action.