为什么基础设施基金中的女性对投资者很重要

WomeninInfrastructure Funds:AnOpportunity HidinginPlain Sight Discussion paper for investorsseeking long-term impact andvalue creation in emergingmarkets Disclaimer © International Finance Corporation 2026. Some rights reserved.2121 Pennsylvania Avenue, N.W.Washington, D.C. 20433Internet:www.ifc.org The material in this work is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation ofapplicable law. IFC does not guarantee the accuracy, reliability or completeness of the content included in this work, or for the conclusionsor judgments described herein, and accepts no responsibility or liability for any omissions or errors (including, without limitation,typographical errors and technical errors) in the content whatsoever or for reliance thereon. WomeninInfrastructure Funds:AnOpportunity HidinginPlain Sight Acknowledgements this report. From the World Bank Group: Amanda Diaz,Operations Officer, Sustainable Infrastructure Advisory;Baris Gen, Principal Investment Officer, Private Equityand Infrastructure Funds; Heather Mae Kipnis, PrincipalOperations Officer, Equity Funds and Venture Capital;Stephanie Sines, Senior Operations Officer, SustainableInfrastructure Advisory; Ulisha Singh, Principal InvestmentOfficer, Infrastructure Global Equity. We also thank JessicaEspinoza, CEO, 2x Global and Paul Frankish, Director, AfricanInfrastructure Investment Managers for their review. This discussion paper, Women in Infrastructure Funds: AnOpportunity Hiding in Plain Sight was jointly developedby the International Finance Corporation (IFC) and OliverWyman (OW). The publication was produced under the overall guidanceof Nicolas Peltier, Director, Department of Strategy andOperations, World Bank Group (WBG) and HenrietteKolb, Manager, Sustainable Infrastructure Advisory, WBGInfrastructure; as well as Anthony Charrie and Jennifer Tsim,OW partners. In addition, IFC and OW express their gratitude to the manyexperts worldwide who generously shared their time,knowledge, and experience. The willingness to provide data,case studies, and perspectives greatly enriched the analysisand findings presented in this paper. Carol Marina Tojeiro, IFC Operations Officer, and MaryDominic, IFC Operations Officer, led the core developmentof the paper under the close guidance of Adriana MariaEftimie, IFC Senior Operations Officer, and in partnershipwith Riccardo Soddu, OW Principal, and Auriane Chigard,OW Associate. Ann Moline provided editorial assistance, and KristinaJust prepared the graphics design, with the support ofValerie Prassl. We extend our sincere thanks to our technical committee,whose insights and contributions were essential to shaping Executive Summary Are women at the table when private equity and debtfunders decide which infrastructure investments to finance?Can funds influence the degree to which their portfoliocompanies consider women’s needs when they plan, design,construct, and operate their projects? And why does itmatter? These questions sit at the center of this study. While existing research has examined women’s participationin venture capital (VC), private equity (PE), and privatemarkets, none focus exclusively on infrastructure funds. Thispaper fills that gap. It contributes new evidence to the globalknowledge base and supports IFC’s mandate to mobilizeprivate capital for infrastructure. The opportunity The challenge Emerging markets face a $1.5 trillion annual infrastructuregap (≈ 4.5% of GDP) Emerging market infrastructure funds provide scale thatgovernments and firms cannot mobilize alone Women’s participation in funds expands talent, networks,and perspectives youth will enter the workforce in the next decade— but only ~420 million jobs are expected1.2B Without modern infrastructure, private investment,productivity, and job creation stall 25% 20% Infrastructure deficits disproportionately constrain women’seconomic participation, unsafe transport,unreliable energy andwater access limit women’s ability to work and grow businesses. Forexample, inadequate transport alone is linked to a 16.5% reduction inwomen’s labor force participation higher returns canbe delivered by fundswith gender-balancedinvestment teams. higher valuations canbe achieved by portfoliocompanies with women inleadership. Using a new dataset covering 44 emerging marketinfrastructure equity and debt funds, alongside expertinterviews, this paper examines infrastructure fund operations and processes to gauge the degree of women’srepresentation across the infrastructure investment lifecycle: Fund-levelparticipation Portfolio-level goalsand strategy Investment screeningand evaluation Post-investment engagementand monitoring Methodology: Desk research New database •Detailed literature review•Pitchbook•IFC analysis•Other publicly available sources •44 infrastructure equity and debtfunds, based in or focused on emergingmarkets•% of women in funds leadership,workforce a