Infrastructure Resilience Development Fund

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 The proposed investment is an IFC commitment of up to US$130 million, not to exceed 20% of total fund commitments, in the Infrastructure Resilience Development Fund (IRDF or the Fund), a global closed-end private infrastructure debt fund. The Fund aims to enhance system-wide community resilience in emerging markets by investing in U.S. dollar-denominated senior and mezzanine infrastructure debt instruments. It will be managed by BlackRock Financial Management, Inc. (BlackRock or the Fund Manager) one of the world’s leading providers of investment, advisory, and risk management solutions. The Fund comprises three investment vehicles aligned to the risk expectations of institutional investors. The Fund will target 40% to 60% of investments in Latin America, 30% to 50% in Asia, and 10% to 20% in Africa. IFC's investment will be split between (i) up to US$95 million in the Blended Fund and (ii) up to US$35 million in the mezzanine tranche of the Junior Fund.