CIFI Asset Management Publishes 2024 Sustainability Reports of Infrastructure Funds

Cayman Islands, May 20th, 2025 – CIFI Asset Management announces the release of the 2024 Sustainability Reports for its two investment vehicles: the Free Closed-End Fund for the Development of Dominican Infrastructure I (FDDI) and the Sustainable Infrastructure Debt Fund (SIDF). These reports highlight the strong performance of both funds, combining excellent financial returns with positive environmental and social impact, reaffirming CIFI’s commitment to responsible and impactful investment in Latin America and the Caribbean.

Free Closed-End Fund for the Development of Dominican Infrastructure I

Developed in partnership with AFI Universal and supported by local pension funds, this closed-end fund mobilizes capital into strategic infrastructure projects that drive sustainable development and economic growth in the Dominican Republic. With a portfolio that includes solar, wind, and LNG-based power plants, as well as leisure and recreation infrastructure, the fund has reached an installed capacity of 312 MW and avoided over 533,500 tonnes of carbon dioxide equivalent (tCO₂e) in emissions.

Since its inception in 2018, the fund has improved energy access for over 390,000 people and generated more than 2,600 jobs. It also demonstrates a solid track record of financial performance, with annual returns consistently trending upward,culminating in a net return of 10.72% for 2024.

The report also highlights the fund’s alignment with key Sustainable Development Goals (SDGs), including SDG 7 (Affordable and Clean Energy), SDG 8 (Decent Work and Economic Growth), and SDG 13 (Climate Action).

“Our investments reflect CIFI’s regional vision for sustainable growth,” said César Cañedo-Argüelles, CEO of CIFI. “Each project is designed to meet concrete infrastructure needs while prioritizing environmental and social responsibility. The Dominican Republic fund is a prime example of how financial return and sustainable impact can go hand in hand.”

Sustainable Infrastructure Debt Fund

The SIDF has emerged as a key regional platform for financing resilient and low-carbon infrastructure across Latin America and the Caribbean. Focused on renewable energy, sustainable logistics, and resilient infrastructure, the fund has disbursed over USD70 million to date, 50% of its committed capital, and reached a total installed capacity of 145 MW.

With a strong Environmental, Social, and Governance (ESG) framework and alignment to global standards, the SIDF has contributed to the avoidance of over 82,000 tonnes of carbon emissions, improved energy access for 66,000 people,and generated more than 2,600 jobs in 2024. The fund’s portfolio includes solar projects in Brazil, Chile, and the Dominican Republic, as well as a sustainable logistics hub in Peru.

Following its final closing in December 2024, the fund grew to a potential size of US$200 million with new limited partners such as Symbiotics Sicav, the Central American Bank for Economic Integration (CABEI), and Dominican Sustainable Trust Fund I. With a net return of 9.93% in U.S. dollars for the year 2024, the SIDF offers investors stable, long-term returns with low volatility through co-investments alongside CIFI.

“Sustainable infrastructure is a vital pillar for the region’s future,” said Javier Escorriola, Managing Partner of CIFI Asset Management. “The SIDF embodies our investment philosophy, bridging financing gaps through robust ESG frameworks and strong private-public collaboration.”

Transparency and Impact at the Core

Both reports reflect CIFI’s adherence to the highest international standards, including the International Finance Corporation (IFC) Performance Standards for Environmental and Social Sustainability, the Equator Principles, and aligns with the Paris Agreement. Through rigorous ESG management and a long-term perspective, CIFI continues to demonstrate that sustainable finance is not only viable, but essential for resilient and inclusive growth in Latin America and the Caribbean.

Download Reports

2024 Sustainability Report – Free Closed-End Fund for the Development of Dominican Infrastructure I

2024 Sustainability Report – Sustainable Infrastructure Debt Fund

About CIFI
CIFI is a Panama-based investment platform that provides integrated financial solutions to private developers and investors in sustainable, high-impact infrastructure across Latin America and the Caribbean. With a robust track record of involvement in 215+ transactions valued at over US$2 billion in disbursements, CIFI has successfully mobilized US$21 billion in capital since its incorporation in 2001.

About CIFI Asset Management
CIFI Asset Management is an investment firm specializing in debt financing for private mid-market infrastructure projects across Latin America and the Caribbean. As the asset management arm of CIFI, it offers institutional investors diversified portfolio management services focused on infrastructure lending in high-growth regions, while actively mitigating environmental, social, and governance (ESG) risks.

For media inquiries:

CIFI | Juliette Daugan | juliette.daugan@cifi.com