Geography
Turkey
Status
Invested
Investors
No
Sector
Social Infrastructure
About Gaziantep Healthcare PPP Fund
IPM and their onshore Turkey partners, Actus Asset Management, established a Private Equity Investment Fund (“PEIF”) to make a EUR60m investment in the Gaziantep Healthcare PPP on behalf of KDB Infrastructure Investments Asset Management Co. Ltd (“KIAMCO”), representing the KIAMCO Global Infrastructure Fund No. 3 and KIAMCO Turkey Gaziantep Hospital Fund. This investment represents one of IPM’s “first of its kind” transactions, using the Private Equity Investment Fund initiative introduced by Turkey’s Capital Markets Board in 2014, and the first time such a vehicle has been used to invest in Turkey’s infrastructure. The KIAMCO funds’ investment benefits further from political risk insurance provided by the Multilateral Investment Guarantee Agency (“MIGA”, part of the World Bank Group).