ILX and Asian Development Bank sign US $750 million co-financing framework agreement
Publication date: 22 October 2026
MANILA, 22nd October 2026 – ILX Management B.V. (ILX) and the Asian Development Bank (ADB) have entered into a co-financing framework agreement aimed at increasing mobilisation of institutional capital for sustainable private-sector investments across Asia and the Pacific.
The partnership will give ILX access to a broad pipeline of investment opportunities originated and structured by the ADB, drawing on ADB’s regional presence, sector expertise and relationships across its member countries in Asia Pacific. The framework is intended to support up to US $750 million in co-financing over the coming years.
The collaboration supports ILX’s strategy of connecting long-term institutional capital with investment opportunities in these markets. By investing alongside ADB, ILX aims to increase the flow of private capital to businesses and projects where financing needs remain significant, while offering institutional investors access to a predictable, diversified pipeline of development finance investments providing market-equivalent, risk-adjusted results.
Kirstine Damkjaer, Chief Investment Officer of ILX, said: “This partnership represents a very important milestone for ILX as we continue to expand the development finance asset class for institutional investors. It demonstrates how collaboration between multilateral development banks and investors can help unlock capital at scale and translate growing investor interest into real economy investments in emerging markets and Asia and the Pacific in particular.”
Isabel Chatterton, Director General for Private Sector Operations of ADB, said: “Mobilizing private capital at scale is central to how ADB delivers development impact across Asia and the Pacific. This agreement builds on an existing strong partnership with ILX and gives long-term pension fund investors a faster, more predictable route into high-quality development lending alongside ADB. We look forward to bringing up to $750 million of new private capital to our developing member countries over the next five years.”
About ILX
ILX Management B.V. is an Amsterdam-based asset manager specialising in Development Finance private debt investments in emerging markets. ILX mobilises long-term pension capital by investing in loan participations originated by multilateral development banks and development finance institutions, with a focus on investments aligned with the Sustainable Development Goals (SDGs) and climate objectives. The ILX funds are backed by leading European pension funds.
About ADB
ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members – 50 from the region.
Media contacts
ILX: Sofia Vega, Head of Communication, s.vega@ilxfund.com
ADB: Terje Langeland, Senior Communications Specialist, tlangeland@adb.org
