Multicountry: DigitalBridge Emerging Market Digital Infrastructure Fund

approved

DigitalBridge Group (“DBRG”) is a leading global-scale Digital Infrastructure (“DI”) investor with over 25 years of experience. DBRG has USD69 billion of assets under management across 27 portfolio companies globally as of March 31, 2023. DBRG sponsors parallel vehicles for platform investments alongside its flagship series funds (the “Main Funds”) in existing and future portfolio companies. The platform investment strategy can enhance DI companies' cash flows through economies of scale and reduce risks by combining DI assets in the region. A parallel fund for AIIB (the “Fund”) will be formed to aggregate AIIB's investments with a 10-year term including a 4-year investment period. The Fund will provide growth capital to eligible DI platform businesses located in AIIB Region 1 Members in emerging Asia across 5 key verticals: data center, cell tower, fiber cable network, small cell, and edge infrastructure. DBRG targets net zero GHG emission by 2030 and collaborates with BSR and Climate Impact Partners to train portfolio companies on climate change and energy management. DBRG's definition of net zero and approach are aligned with the SBTi. The Project Team expects climate mitigation and adaptation share of AIIB's investment to be 50 percent and 10 percent respectively. With the objective of 1) maximizing AIIB's investment visibility, and 2) building a diversified portfolio, the Project Team proposes the following capital allocation structure: a) 60% pre-identified deals 20% in EdgePoint, a wireless communications infrastructure provider in Indonesia, Malaysia and Philippines 20% in Vantage APAC, a wholesale hyperscale data center operator in Malaysia and Hong Kong, China 20% in AIMS, a retail edge infra and colocation data center operator in Malaysia, Thailand, and Singapore b) 40% indicative deals of DI assets in AIIB's Region 1 members