UPDATE: BNDES, IDB pick manager for infra fund

UPDATE: BNDES, IDB pick manager for infra fund

Bonds Debt Capital Markets Funds Project & Infrastructure Finance Brazil

Brazil's national development bank BNDES and the IDB have not yet hired a manager for a new $1.5bn infrastructure fund, despite naming Bozano Investimentos in a press release earlier this week. 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, ene

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