Strategic Investment Funds by World Bank Publications

Strategic Investment Funds

270

| Strategic Investment Funds

5. Although this role is vacant, the head of compliance performs this function. 6. According to an unpublished December 2018 Infrastructure Fund Investment Compliance Report provided by NIF management.

REFERENCES NIPC (Nigerian Investment Promotion Commission). 2017. “NSIA Outlines Strategic Investment Plans for Nigeria Commodity Exchange.” https://www.nipc.gov.ng/2017/01/13 /nsia-outlines-strategic-investment-plans-nigerian-commodity-exchange/. NSIA (Nigeria Sovereign Investment Authority). 2017. “NSIA & GuarantCo Establish the Infrastructure Credit Enhancement Facility (InfraCredit).” Press release, January 17, 2017. NSIA (Nigeria Sovereign Investment Authority). 2018a. “NEC Approves $650M Seed Funding as FG Establishes Presidential Infrastructure Development Fund.” Press release, May 17, 2018. https://nsia.com.ng/~nsia/sites/default/files/press-release/NEC%20Approves%20 Press%20Release.pdf. NSIA (Nigeria Sovereign Investment Authority). 2018b. “NSIA Announces Audited Financial Results for 2017 Financial Year.” Press release, June 8, 2018. https://nsia.com.ng/~nsia/sites /default/files/press-release/Press%20Release%20-%202017%20Financial%20Statement _Updated_08062018_Final%20Version.pdf. NSIA (Nigeria Sovereign Investment Authority). 2019. “Infrastructure Fund Investment Policy Statement as Approved on April 6, 2019.” NSIA, Abuja. https://nsia.com.ng/~nsia/sites /default/files/downloads/Nigeria%20Infrastructure%20Fund%20Investment%20 Policy%20Statement%20-%20April%2016%202018_0.pdf. NSIA (Nigeria Sovereign Investment Authority) and Old Mutual Investment Group. 2016. “NSIA and Old Mutual Investment Group Announce Partnership Agreement for Investments in Real Estate and Agriculture.” Press release, August 12, 2016. https://nsia.com.ng/~nsia /sites/default/files/press-release/Press-Release-NSIA-Announces-Partnership-with -OMIG.pdf. Old Mutual. 2016. “Old Mutual Partners with Nigeria’s Sovereign Wealth Fund.” Press release, September 2016. http://ww2.oldmutual.co.za/old-mutual-partners-with-nigeria -s-sovereign-wealth-fund.

Strategic Investment Funds

Articles inside

References

Notes

Staffing and recruitment

Investment strategy

Portfolio and track record

13.2 NSIA-NIF core governance bodies

Mandate for investment

12.2 Summary of NIIF Limited’s governance bodies

Legal structure

Background and mission

Governance

Additionality and multiplier considerations

12.2 NIIF’s Master Fund structure

12.3 NIIF’s governance structure

12.1 NIIF’s anticipated fund size and investors at time of writing

12.1 NIIF structure

11.1 Key features of the Luxembourg SCSp

11.4 Marguerite’s ESG assessment throughout the investment process

11.3 Summary of Marguerite II’s core bodies and functions

impact report

10.6 ISIF Irish Portfolio risk categories

11.1 Marguerite II’s eligible sectors

10.4 ISIF investment decision process

10.4 Summary of ISIF’s governance bodies

10.1 Structure of NTMA and ISIF

December 31, 2018

writing

9.2 Summary of FONSIS governance bodies

9.4 FONSIS organizational structure

9.1 FONSIS’s solar investments

8.3 Summary of ACP’s governance bodies

References

8.1 Breakdown of ACP’s committed capital, by source

Notes

7.1 Financial reporting standards of select SIFs B7.7.1 Comprehensive sample of metrics disclosed in ISIF’s economic

7.6 Core components of disclosure for a strategic investment fund

mechanisms of disclosure

Unique features of the transparency and disclosure framework for SIFs

Legal and regulatory context

Linaburg-Maduell Transparency Index for SWFs

guidelines

Key takeaways

Introduction

Global transparency and disclosure requirements

principles for SWFs

Investment Fund Managers

References

6.7 Investment exit: The case of Marguerite

The NSIA-NIF example

6.2 FONSIS: Originating investment opportunities as a project developer

6.6 Exercising active ownership

Investment exit

6.2 NSIA-NIF investment evaluation process and responsibilities

Investment origination

6.1 Phases of the SIF’s investment process

References

Introduction

Notes

Risk management framework: Key concepts Components of the risk management framework

and key actors

Key takeaways

5.4 Investor protection provisions in shareholder agreements

infrastructure SIFs

5.1 Investment policy–related guidance within the Santiago Principles

Components of the investment policy

Key actors in the investment management framework

References

4.7 Typical terms of a limited partnership agreement

4.5 Indicative RFP content for external manager selection

4.7 Recruiting an external manager for a SIF: PINAI

4.6 Staffing the NIIF

equivalent structure

4.4 SIF board functions

Key decision-making bodies and their functions

Authority

4.2 Public sponsor ownership functions in a SIF

4.3 Definition of an independent board member

4.4 Safeguards for government representatives on SIF boards