IFC to Invest USD 25 Million in Seraya Partners’ Southeast Asia Fund to Boost Energy and Digital Infrastructure

The International Finance Corporation (IFC), a member of the World Bank Group, is expected to approve a USD 25 million equity investment in Seraya Partners Fund II (SEA II) — a Singapore-based infrastructure fund focused on Southeast Asia, including the Philippines. The proposal is slated for review at IFC’s board meeting in Washington on November 6.

The SEA II fund is structured into two components: a Developed Asia (DA) sleeve and a Southeast Asia (SEA) sleeve, with IFC’s investment serving as an anchor for the latter. The fund is part of Seraya Partners’ broader initiative to raise between USD 1 billion and USD 1.5 billion for projects supporting energy transition and digital infrastructure across the region.

According to IFC’s disclosure, the SEA sleeve aims to expand access to high-quality infrastructure and bridge significant gaps across emerging markets in Southeast Asia. The fund’s investments will span Malaysia, the Philippines, Vietnam, Thailand, and Indonesia, targeting key sectors such as digital infrastructure and renewable energy.

Planned investments include battery energy storage systems, data centers, fiber networks, smart grids, and solar and wind power facilities. IFC will track progress through indicators such as renewable energy generation (GWh) and data center capacity (MW).

In its statement, IFC emphasized that the investment is expected to strengthen the infrastructure equity market in emerging economies and demonstrate the commercial viability of the equity fund model, encouraging further institutional investment in the region.