BNDES, IDB pick manager for new infra fund

BNDES, IDB pick manager for new infra fund

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Debenture Economy & Policy Fixed Income Equity Funds Loans Project & Infrastructure Finance Energy Renewable Politics Brazil

Brazil's national development bank BNDES and the IDB have hired Bozano Investimentos to manage a new $1.5bn infrastructure fund. BNDES last month announced the formation of B2 Infra, saying it would cover at least 30% of the fund, while the IDB would put in 10%. The remaining 60%, or some $900m, will come from private investors, primarily institutional investors, BNDES said. The new fund will provide loans for transportation, energy, water and wastewater and social infrastructure projects like

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