On 25 February 2026, the International Finance Corporation (IFC), a member of the World Bank Group, announced a USD 25 million equity commitment to Seraya Partners Fund II, a private equity infrastructure fund managed by Seraya Partners. This commitment anchors the Fund’s Southeast Asia Emerging Markets sleeve, targeting critical infrastructure investments across Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. The investments focus on decarbonization, improved connectivity, and inclusive economic growth, with development impact measured through indicators such as renewable energy generation and digital capacity expansion.
Seraya Partners Fund II represents Seraya’s first dedicated investment sleeve for emerging markets in Southeast Asia. It will operate alongside the Fund’s developed markets sleeve, with the dual goal of linking value chains between developed and emerging markets, enhancing regional integration, and creating new economic opportunities, including job growth. The partnership between IFC and Seraya is expected to channel additional private capital into the region’s infrastructure sector, supporting long-term economic resilience.
Katherine Koh, Regional Industry Manager for Infrastructure and Natural Resources, Asia Pacific at IFC, stated that the investment aims to improve access to quality infrastructure in Southeast Asia while signaling confidence in investing in critical projects in emerging markets. James Chern, Managing Partner and Chief Investment Officer of Seraya Partners, noted that IFC’s commitment validates Seraya’s strategy to invest in sustainable infrastructure that delivers measurable regional impact.
IFC, as the largest global development institution focused on the private sector in emerging markets, operates in over 100 countries and leverages private sector solutions to foster economic development and environmental sustainability. In fiscal year 2025, IFC committed $71.7 billion to private companies and financial institutions in developing countries.
Seraya Partners, headquartered in Singapore, specializes in control-oriented, mid-market infrastructure investments in digital infrastructure and the energy transition across Asia. The firm focuses on scalable, sustainable infrastructure solutions that address regional demand and development challenges, supporting long-term growth and sustainable development across the region.
