High quality based on global partnerships
Investors & Lenders
We have a vast pool of international cooperative partners, investors and lenders of capital with which to realise our infrastructure projects, including development banks both at the supranational and regional Asian level. And these partnerships go above and beyond mere financial investments. These partners continuously input their experience, expertise and advice into successfully developing our projects and effecting transactions.
The high quality and shared sustainable approach of these partners illustrate yet again that we aspire not only to generating sustainable value for our investors in many countries around the world with our infrastructure solutions, but also to helping actively shape the economic and ecological environment of the region in question, and therefore also the future of the people who live there.
Canada Climate Change Program
The Canada Climate Change Program promotes private sector financing for clean energy projects. It receives funding under Canada’s fast-start financing to catalyse investments in renewable, low-carbon technologies. The Government of Canada will provide $ 2.65 billion between 2015 and 2020 to support developing countries’ transition to low carbon economies and adapt to the impact of climate change.
U.S. Department of Energy
The United States Department of Energy (DOE) is a Cabinet-level department of the United States Government concerned with the United States’ policies regarding energy and safety in handling nuclear material. Its responsibilities are to ensure the security and prosperity of the United States by addressing its energy, environmental and nuclear challenges by means of transformative scientific and technological solutions.
Commercial and Development Banks
Asian Development Bank (ADB), Philippinen
The ADB is a multilateral development bank based in Manila, Philippines, founded in 1966 and currently represented in 68 countries. ADB’s main activities are aimed at fighting poverty in Asia and the Pacific region by means of economic development and cooperation. In its strategic plan the bank with 3,000 employees defines the focus of its operations as private-sector development, regional cooperation and sustainable environmental policies. ADB’s business volume exceeded the 35 billion US dollar mark in 2018 for the first time, as regional demand for development finance keeps on growing.
Bank of the Philippine Islands
Established in 1851, BPI is one of the oldest and largest banks in the Philippines and the South East Asian region, with over 14,500 employees. BPI is a universal bank, offering with its subsidiaries and affiliates a broad range of financial products and solutions for both retail and corporate clients. The bank has a network of more than 800 branches in the Philippines, Hong Kong and Europe.
BDO Unibank (BDO) is based in Makati City and offers all the services of a universal bank. With some 1,300 branches the bank has one of the largest branch networks in the country, and after numerous acquisitions it is the market leader in the Philippines in terms of customer loans, deposits, assets under management and capital. With over 34,000 employees BDO generated operating earnings in 2018 of some 32 billion Philippine pesos (around 552 million euros) and its customer deposits came to almost 2.4 trillion Philippine pesos (around 41 billion euros).
China Bank was founded in 1920, making it the oldest private commercial bank in the Philippines. It has been publicly listed since 1927. Based in Manila, the bank offers its private and commercial customers the full range of universal bank services via its subsidiaries, as well as insurance. Since 2006 it has tripled the number of branch offices to 620, reporting growth in all businesses last year. Customer deposits increased by 14% in 2018 alone, to 722 billion Philippine pesos (over 12 billion euros). China Bank currently has more than 9,500 employees.
DEVELOPMENT BANK OF THE PHILIPPINES
The Development Bank of the Philippines (DBP) is based in Manila and is the leading development bank in the Philippines. Its strategic objective is to influence and accelerate the country’s sustainable economic growth by providing financial resources. The DBP currently manages assets of 483 billion Philippine pesos (around 8 billion euros) from 114 branches nationwide.
Since 1948 the KfW IPEX-Bank has become one of the world’s leading development banks, with the objective of improving economic, social and economic conditions at a global level. In 2018 the volume of its development business came to 37 billion euros. The bank has more than 697 employees on 5 continents.
Landbank of the Philippines
The Land Bank of the Philippines (Landbank) is a public-sector financial institution that funds its social mandate of promoting rural development with the income from its commercial banking business. In recent years this has included strong growth in its fixed income business. The Landbank’s business model is unique in the Philippines. It supports farmers and fishermen, agricultural and water projects at the municipal level, as well as state and state-controlled companies in communications, transport, housing, education, healthcare, environment, tourism and utilities. By following this model Landbank has become by far the biggest Philippine bank in rural areas and is among the top 5 in the country by deposits, assets under management and bonds issued. Landbank’s total assets come to almost 1.5 trillion Philippine pesos (around 25 billion euros) and it has some 8,000 employees.
Nord/LB is a bank structured as a public-sector legal entity held jointly by the German states of Lower Saxony and Saxony-Anhalt. It is a Landesbank and at the same time the wholesale bank for the savings banks in Lower Saxony, Saxony-Anhalt and Mecklenburg-West Pomerania. With around one million customers and total assets of 150 billion euros, Nord/LB was the largest bank in Northern Germany.
Sovereign wealth funds /multilateral organisations
Clean Technology Fund
The Clean Technology Fund (CTF) is a sub-fund of the Climate Investment Funds (CIF) and currently has a volume of 5.8 billion USD. It provides incentives for developing and emerging economies to make greater use of technologies with great long-term potential to reduce emissions of greenhouse gases. The Climate Investment Funds are unique funding instruments for promoting low-carbon, climate-neutral development.
International Finance Corporation (IFC)
The IFC is the largest global development institution focused on the private sector in emerging markets. Since 1956 the IFC has deployed more than 2.6 billion USD in capital in order to provide in excess of 285 billion USD in financing to companies in developing countries. The IFC works with more than 2,000 companies around the world and uses its sixty years of experience to create opportunities where they are needed most urgently. In its 2018 financial year the IFC’s long-term investments in emerging markets rose to over 23 billion USD. The IFC deploys its capital, its know-how and its influence to support the private sector in the global effort to eliminate extreme poverty and promote joint prosperity.
IFC Managed Co-Lending Portfolio Program (MCPP)
The Managed Co-Lending Portfolio Program (MCPP) is a new IFC Syndications product that allows institutional investors the opportunity to passively participate in IFC’s future loan portfolio. Investors provide capital on a portfolio basis, which can be deployed by IFC in individual investments across all regions and sectors in accordance with IFC’s strategy and processes. MCPP investor approval is sought pre-mandate; project appraisal, approval, commitment, and supervision are managed directly by IFC with the MCPP investor passively following IFC decisions. MCPP complements IFC’s existing B Loan and Parallel Loan platforms. Through MCPP IFC can expand its base of co-lending partners to include investors that do not have the capacity to invest on a “deal by deal” basis. MCPP Investors include:
People’s Bank of China
The People’s Bank of China is the central bank of the People’s Republic of China and controls the country’s monetary policy and financial institutions. The assets of the People’s Bank of China exceed those of any other public institution. In terms of central bank assets the PBC ranks only behind the US Federal Reserve Bank (Fed). Via the State Administration of Foreign Exchange (SAFE), which managed some 3 trillion USD as of year-end 2016, the PBC is the primary partner of the MCPP and has committed 3 billion USD over the coming 6 years.
Allianz Global Investors
Allianz Global Investors is one of the leading global active investment managers. With 25 offices in 18 countries it offers global investment competence and comprehensive research expertise. It manages more than 535 billion euros for private investors, family offices and institutional investors, employing more than 770 investment specialists.
Eastspring Investments is part of the Prudential Corporation Asia and is Prudential’s investment arm in Asia. With operations in 11 Asian markets, as well as offices in North America and Europe, the company has some 2,500 employees and assets under management of 146 billion USD.
The AXA Group is a worldwide leader in insurance and asset management, with activities in Europe, North America and the Asia-Pacific region. It has offices in 61 countries, with 165,000 employees and distributors serving its 105 million clients. The main focus of its activities is on private pensions, life and incapacity insurance, company retirement benefit schemes, health and casualty insurance, asset management and financing. In 2017 AXA had revenues of almost Euro 100 billion.
Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) manages Hong Kong’s money supply and is effectively its central bank. Its main objective is to maintain currency stability and Hong Kong’s status as an international financial centre, to promote the stability of the financial system and manage the currency reserves in the Exchange Fund, which amounted to some HKD 4,100.7 billion in June 2018.
Liberty Specialty Markets
Liberty Specialty Markets offers specialised and commercial insurance and reinsurance products at locations in Europe, the Middle East, the USA and other important international centres. The company has more than 1,800 employees in 65 offices around the world. Liberty Specialty Markets benefits from the financial strength of the Liberty Mutual Insurance Group, an American Fortune 100 company based in Boston, which had assets under management of USD 126 billion and consolidated revenue of USD 41.6 billion in 2018.
With premium income of EUR 31.3 billion from reinsurance alone, Munich Re is one of the world’s leading reinsurers. Its total premium income came to EUR 49.1 billion. The company is active in all insurance segments and has more than 41,000 employees around the world. In the 2018 financial year, Munich Re achieved a six-fold increase in net income from 2017 to just under EUR 2.3 billion.
The Swiss Re Group is a leading provider of reinsurance, insurance and other insurance-based forms of risk transfer. With premium income of USD 34.5 billion in 2018, the group reported a profit of USD 421 million. It is present at over 80 locations in more than 30 countries and has almost 15,000 employees.
National Development Company
The Philippine National Development Company is based in Makati City and was established to manage investments on behalf of the government. The agency reports to the Ministry of Trade and Industry. The NDC develops, finances and implements development projects that contribute to the sustainability of structural reforms and economic policy measures. Since 1919 the agency has promoted the foundation and privatisation of many companies that are now among the largest and oldest in the country.
Qatar Investment Authority
The Qatar Investment Authority (QIA) is Qatar’s state holding company, known as the National Wealth Fund. It specialises in domestic and foreign investments. The QIA was established in 2005 by the state of Qatar in order to strengthen the country’s economy by diversifying into new asset classes. The fund is a member of the International Forum of Sovereign Wealth Funds and so is subject to the Santiago Principles defining best practices for the management of sovereign wealth funds. The assets managed by the QIA come to almost 320 billion US dollars.
Kotak Mahindra Bank
Kotak Mahindra Bank has more than 1,300 branches and 33,000 employees, making it the fourth largest private bank in India; in terms of market capitalisation it is the number two. It offers a broad range of banking products and financial services for companies and private clients via numerous distribution channels and specialist subsidiaries in the areas of personal finance, investment banking, insurance and asset management. In 2017 it reported revenue of more than 211 billion Indian rupees (approx. EUR 2.6 billion) and net profits of 34 billion Indian rupees (approx. EUR 426 million). The Core Infrastructure India Fund (CIIF) is an India-focused infrastructure private equity fund managed by Kotak Mahindra Bank. The fund has investments in road and power assets in India. The Investors in CIIF include, inter alia: Japan Bank for International Cooperation, Sumitomo Mitsui Banking Cooperation and Brookfield Asset Management
EUROPEAN INVESTMENT BANK
As the bank of the European Union, the EIB is the only bank which is owned by the EU member states and represents their interests. It works closely with the EU institutions to implement EU policy. The EIB is the largest multilateral lender and bond issuer in the world and also provides the most climate financing solutions. More than 90 per cent of its funds are deployed in Europe. In 2017 the bank invested more than EUR 19.6 billion to strengthen climate protection. Up to year-end 2017 the EIB Group approved EUR 51.3 billion for strategic investments under the European Fund for Strategic Investments (EFSI), which resulted in investment totalling EUR 256.88 billion.The Global Energy Efficiency and Renewable Energy Fund (GEEREF) is a Fund-of-Funds advised by the EIB. GEEREF invests in private equity and private equity funds which focus on renewable energy and energy efficiency projects in emerging markets. The Investors in GEEREF include, inter alia: European Union, Germany and Norway.
Kleiner Perkins Caufield & Byers
Kleiner Perkins Caufield & Byers (KPCB) is a venture capital investor based in Silicon Valley. It specialises in seed and early stage investments. Since it was founded in 1972, Kleiner Perkins Caufield & Byers has supported more than 850 companies, including Google, AOL, Amazon.com, Citrix and Compaq.
New Enterprise Associates (NEA)
NEA is a global venture capital firm that concentrates on helping entrepreneurs to build transformative companies across several stages, sectors and regions. Established in 1977, NEA has cumulative committed capital of more than 19 billion US dollars and invests in technology and healthcare companies. The firm’s long track record includes more than 210 IPOs of portfolio companies and over 360 acquisitions.
Pacific Century Group
The Pacific Century Group (PCG) is a private investment group founded in 1993 in Asia, with competences in three core business areas of technology, media and telecommunication (TMT), financial services and real estate. PCG has a long track record in its investment area and has built a long-term, lasting network in Asia above and beyond its core business areas.
Palo Alto Investors (PAI)
PAI was established in 1989 and is a leading private investment company with assets under management of more than 1 billion US dollars and a 27-year track record. PAI makes long-term investments for high-net worth individuals and institutional investors on the basis of intense, detailed fundamental research.
Starwood Energy Group
The Starwood Energy Group specialises in energy infrastructure investments, concentrating on power generation, transmission, storage and other related projects. The Starwood Energy Group has invested more than 3 billion US dollars in equity and completed transactions with an enterprise value of more than 6 billion US dollars. The Starwood Energy Group is a subsidiary of Starwood Capital Group, founded in 1991, which manages assets in excess of 51 billion US dollars.
Corporates & utilities
Aboitiz Power Corporation
Aboitiz Power Corporation is a subsidiary of the Aboitiz Group, which was established in the late 19th century as a trading and transport company. Since then the family company has developed into one of the largest commercial groups in the Philippines. The conglomerate is based in Manila and listed on the stock exchange. Its many subsidiaries have operations in construction, steel production, shipbuilding, electro-mechanical works, food, power and financial services. With a market capitalisation of almost 400 billion Philippine pesos (around 6.6 billion euros), the company reported revenue in 2016 of 116 billion Philippine pesos (around 2 billion euros). According to Forbes, Aboitiz is one of the 2,000 biggest companies worldwide, with a market value of 8.4 billion US dollars.
Ayala Energy and Infra Group
Ayala Corp. is a conglomerate and the listed holding company for all the divisions in the Ayala Group. It currently has a market capitalisation of 507 billion Philippine pesos (10.5 billion US dollars) and more than 35,000 employees worldwide.
Greenenergy from the Philippines is a public-listed holding company that originally came from the semiconductor sector. In recent years the company based in Makati City has diversified into the renewable energy sector. In 2010 it realised joint-venture projects with Chinese partners with a volume of 1.2 billion USD in various renewable technologies. Since then Greenenergy has acquired and invested in numerous companies in the cleantech sector, making it one of the leading companies in the Philippines in this market segment.
SunEdison is a US semiconductor company based in St. Peters, Missouri. In 1959 it was one of the first companies in the world to start the production of wafers. Under its old name of MEMC, the company was originally part of Monsanto and later of the German conglomerate VEBA. At the beginning of the new millennium it increasingly concentrated on the production and development of solar wafers, over the years becoming one of the largest global project developers in the photovoltaics market and one of the biggest manufacturers of photovoltaic components.