Kerala Chief Minister Pinarayi Vijayan Friday announced a 100-day action plan to help the state tide over the economic slowdown triggered by the devastating second wave of the coronavirus pandemic.
Aberdeen Standard Investcorp Infrastructure Partners (ASIIP) received a capital commitment from the $430 billion PIF for up to 20% of the total size of the fund ahead of its anticipated first closing, Investcorp said in a statement on Thursday.
Saudi’s PIF anchors ASIIP’s new infrastructure fund
MANAMA, 1 hours, 41 minutes ago Bahrain-based Investcorp, a leader in alternative investment products, said that Aberdeen Standard Investcorp Infrastructure Partners has received a capital commitment from the Public Investment Fund (PIF) for up to 20% of the total size of the fund in advance of its anticipated first closing. The fund has also received board approval from the Asian Infrastructure Investment Bank (AIIB) to commit $90 million. It is expected that the fund will be joined by other global institutional investors, including: pension funds, insurance companies, endowments, family offices and private clients. PIF, the sovereign wealth fund of Saudi Arabia, is the engine driving the economic transformation of Saudi Arabia as part of its Vision 2030 objectives. This investment is in line with PIF’s mission of building strategic economic partnerships, unlocking promising economic opportunities, and deploying pati