The Infrastructure Resilience Development Fund (IRDF) was launched in 2025. It is managed by Global Infrastructure Partners (GIP), a part of BlackRock.

In 2025, the IRDF secured its first close of USD 340 million:

• Backed by capital commitments from AXA, Convex, Generali, SCOR, Swiss Re, Zurich, and the International Finance Corporation (IFC) and managed by GIP, part of BlackRock.
• The IRDF is based on the Blueprint previously developed by IDF members AXA, Convex, Generali, SCOR, Swiss Re and Zurich, and represents a major milestone in mobilising institutional financing for resilient infrastructure in EMDEs.
• Investment by six global insurers in IRDF demonstrates the investability of EMDEs 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.