The International Finance Corporation (IFC), part of the World Bank Group, has committed $25 million in equity to Seraya Partners Fund II, a private equity infrastructure fund managed by Seraya Partners. The fund is aimed at addressing infrastructure gaps across emerging markets in Southeast Asia. The investment anchors a dedicated emerging markets sleeve within the fund focused on enabling sustainable infrastructure development in the region, supporting decarbonisation, enhanced connectivity, and inclusive economic growth.
Key target markets include Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. Development outcomes are expected to be tracked through indicators such as renewable energy generation and expansion of digital infrastructure capacity. This reportedly marks Seraya Partners’ first dedicated allocation for emerging markets in Southeast Asia, operating alongside another sleeve focused on developed Asia Pacific markets. Furthermore, investments across both sleeves are intended to strengthen value chain linkages between developed and developing economies.
In November 2025, the World Bank Group, through the International Finance Corporation, together with the Johor State’s strategic investment arm Permodalan Darul Ta’zim, and Ditrolic Energy, entered into a collaboration to develop the Southern Johor renewable energy corridor. The initial phase is planned to include up to 4 GWp of solar capacity and 5.12 GWh of storage capacity on a 10,000 acre site. The $6 billion project is expected to supply renewable electricity for local and multinational companies in Johor, including data-centre operators, manufacturers, and other industrial users in Johor.
