PIDG partners with BlackRock’s GIP to mobilize $750 million for climate-resilient infrastructure

The Private Infrastructure Development Group (PIDG) has announced a strategic partnership with Global Infrastructure Partners (GIP), part of BlackRock , aimed at mobilizing approximately $750 million in private institutional investment for climate-resilient infrastructure projects across emerging markets and developing economies. Subject to regulatory and investor approvals, PIDG will back the GIP Infrastructure Resilience Development Fund (IRDF) with a $6.4 million first-loss catalytic capital