International Finance Corporation ( IFC ), the private-sector arm of the World Bank Group, has committed to Seraya Partners Fund II, a private-equity infrastructure fund managed by Seraya Partners.

The institution is investing US$25 million to anchor the fund’s Southeast Asia emerging markets sleeve, which targets investments that support decarbonization, improved connectivity, and inclusive economic growth.

The core focus is on Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. Development impact will be monitored through indicators such as renewable energy generation and digital capacity expansion.

This is Seraya’s first dedicated sleeve to invest in emerging markets in Southeast Asia. It will invest alongside the fund’s other sleeve, which is dedicated to developed markets in Asia-Pacific.

Together, investments in both sleeves seek to connect the value chain across developed and developing markets, fostering greater regional integration and new economic opportunities, including job creation.

“IFC’s investment in Seraya Partners Fund II is aimed at improving access to quality infrastructure in emerging markets in Southeast Asia,” says Katherine Koh, regional industry manager for infrastructure and natural Resources, Asia-Pacific, at IFC. “Our investment also aims to signal confidence in investing in critical infrastructure projects in these markets and help channel more private capital into the region, which will ultimately support long-term economic resilience in Southeast Asia.”

James Chern, managing partner and chief investment officer of Seraya Partners, adds: “IFC’s commitment validates our differentiated strategy to invest in infrastructure that supports Asia’s emerging markets. This strategic partnership will help deliver measurable impact across the region.”