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Asia Connect
Coalition investing US$25 billion in Indo-Pacific infrastructure
GIP, KKR to lead alliance of global investors in energy, transportation, water and waste, digital sectors
Tom King 11 Jun 2024

The Indo-Pacific Partnership for Prosperity (IP3), Global Infrastructure Partners (GIP), and global investment firm KKR have established a new coalition to drive infrastructure investment in the emerging market partner economies of the Indo-Pacific Economic Framework (IPEF).

GIP and KKR will serve as co-chairs of the new initiative, and together with IP3 will be joined in the alliance by other global investors and partners including Allied Climate Partners, BlackRock, GIC, The Rockefeller Foundation, and Temasek.

Taken together, the coalition estimates that its members have over US$25 billion in capital that can be deployed in Indo-Pacific emerging market infrastructure investments in the coming years. 

The coalition will initially focus on scaled infrastructure investments across the energy, transportation, water and waste, and digital sectors.

“As one of the largest infrastructure investors in Asia, we see tremendous long-term opportunities in the region’s infrastructure and look forward to collaborating with the coalition to increase the deployment of private capital in the Indo-Pacific region,” says Joe Bae, co-chief executive officer of KKR and co-chairman of IP3 and the investor coalition. 

In a statement following their recent meeting in Singapore, the coalition says it aims to accelerate investment in infrastructure and support IPEF economies in achieving their economic development, human capital and sustainability goals.

Coalition members will help facilitate the identification, promotion, and development of successful infrastructure projects across the region. They will also support coordination with governments, multilateral development banks and development finance institutions to create solutions to de-risk investments.

Launched in May 2022, the IPEF is an initiative between the United States and Australia, Brunei, Fiji, India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Vietnam.

This partnership revolves around three pillars that include protecting critical supply chains, accelerating the energy transition, and bolstering workforce development and upskilling, while advancing the resilience and competitiveness of the 14 IPEF members.

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