Leading Asia's Private Infrastructure Fund (LEAP)

The Leading Asia's Private Infrastructure Fund was established in March 2016. The fund is an infrastructure co-financing fund, expected to leverage and complement ADB’s existing non-sovereign platform to fill financing gaps and increase access to finance for infrastructure projects in the region. The fund will provide cofinancing to non-sovereign infrastructure projects at different stages of development, including early stage, growth stage, and greenfield and brownfield projects. It will support projects with strong anticipated development impacts and alignment with the strategies of ADB and JICA. The fund will undertake project finance (nonrecourse or limited recourse) and corporate finance transactions, and will seek to support a range of private sector participation modalities including public–private partnerships, joint ventures, private finance initiative projects, and privatizations, as well as conventional project finance.