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CDPQ, Colombian Development Bank Set Up $1B Infra Fund

Nov 28, 2018 - Power, Finance and Risk

Colombia's National Development Bank (FDN) has launched a $1 billion-equivalent infrastructure investment fund alongside Canada's Caisse de dépôt et placement du Québec, with renewable energy as one of its focuses.

FDN announced the launch of the 3 billion peso platform on Nov. 7.

The development bank is putting in about half of the total, 1.47 trillion pesos ($490 million), of which 20% is coming from its own resources and 80% from local pension fund managersColfondo,Old Mutual...