The IRDF is managed by Global Infrastructure Partners (GIP), a part of BlackRock.

It is based on the Blueprint created by insurance sector members of the IDF Infrastructure Task Force for greater insurance sector investment in small to mid-size commercial infrastructure projects.

The fund aims to enhance the resilience of communities in emerging and developing economies.

Key developments to date include:

• The fund’s USD 340 million first close in 2025 was backed by capital commitments from AXA, Convex, Generali, SCOR, Swiss Re, Zurich, and the International Finance Corporation (IFC) and managed by Global Infrastructure Partners (GIP), part of BlackRock.
• It represents a major milestone in mobilising institutional financing for resilient infrastructure in Emerging Markets and Developing Economies (EMDEs).
• Investment by six global insurers in IRDF demonstrates the investability of EMDE infrastructure projects as an asset class for institutional investors, facilitating greater volumes of capital mobilisation in the future.
• IRDF has already begun to deploy capital into investments that will reduce exposure to climate and natural hazard risks.

• Having developed and successfully launched the IRDF, the Task Force will assist with additional capital raising for the fund and the investment by the fund in infrastructure projects.

  Read more about the launch of the IRDF and the first close of the fund.