Hogan Lovells advises PIDG on its anchor investment into an Indonesia-focused climate transition fund

Press releases | 09 July 2025

Singapore, 9 July 2025 - Global law firm Hogan Lovells is advising the Private Infrastructure Development Group’s (PIDG) project development solution, InfraCo, on its anchor investment in the KINETIK Affirma Capital Climate Transition Fund I, an Indonesia-focused climate transition fund managed by Affirma Capital, a Singapore-headquartered private equity firm.

PIDG, through InfraCo, has made an A$50 million equivalent investment utilising funds committed by the Australian Government. The fund is set up as an initiative under the Australia-Indonesia Partnership for Climate, Renewable Energy and Infrastructure (KINETIK) supporting Indonesia’s net-zero goals.

PIDG is an innovative infrastructure project developer and investor which mobilises private investment in sustainable and inclusive infrastructure in sub-Saharan Africa and south and southeast Asia. PIDG investments promote socio-economic development within a just transition to net zero emissions, combat poverty and contribute to the Sustainable Development Goals (SDGs).

The Hogan Lovells team was led by Singapore-based partner Thomas Kim, with support from senior associate Shaw Shiuan Ong and associate Sean Tan.