Asma Capital Partners

What Asma Capital Partners does

ASMA Capital Partners B.S.C.(c) is a multi-fund asset management firm incorporated as a Bahrain joint stock company (closed), headquartered at 5th Floor, GFH Tower, Bahrain Financial Harbour, Manama, and licensed and regulated by the Central Bank of Bahrain as an Investment Business Firm Category 4. The firm manages the IDB Infrastructure Fund II, an emerging-markets infrastructure platform with US$750 million of committed capital and a US$2 billion target size, invested across power & energy, transportation & logistics, telecom infrastructure, water & waste, and social infrastructure. Its portfolio of at least eight companies spans Jordan (Airport International Group / Queen Alia International Airport), Saudi Arabia (Saudi Tabreed district cooling; Andalusia Medical Services), the UAE (BPGIC oil storage; United Water desalination), Nigeria (Seven Energy), and additional IDB-member-country power assets operated through the EMA Power joint venture with Daelim Energy.

Name

Asma Capital Partners

Legal name

ASMA Capital Partners B.S.C.(c)

Website

https://asmacapital.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

ASMA Capital Partners is a Bahrain-licensed, multi-fund asset management firm managing the US$750 million IDB Infrastructure Fund II, deploying sovereign and institutional capital into infrastructure assets across emerging markets in the Middle East, Asia, CIS, and Africa.

Ownership category

akta.pro rank

Product category

Infrastructure Asset Management

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282)

akta.pro primary industry

Core Infrastructure Funds (Transport, Social, Digital, Utilities) (FSANAEAA)

Keywords

• Infrastructure asset management
• Emerging markets investing
• Infrastructure fund management
• Sovereign investment management
• Private equity infrastructure

Headquarters

HQ city

Manama

HQ country

Bahrain

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Fund Management Fees: ASMA Capital generates revenue as the manager of the IDB Infrastructure Fund II, collecting management fees from the $750 million committed capital fund.

Distribution channels1 record

Marketing channels2 records

Core offering

Asma Capital Partners is a multi-fund asset management firm that manages the IDB Infrastructure Fund II, a $750 million committed-capital infrastructure investment fund focused on emerging markets across the Middle East, Asia, CIS, and Africa. The firm invests across power and energy, transportation and logistics, telecom infrastructure, water and waste, and social infrastructure sectors through direct equity investments and joint ventures with strategic partners.

Product overview

ASMA Capital Partners is a multi-fund asset management firm that operates as a platform managing the IDB Infrastructure Fund II (US$750 million committed capital). The firm does not offer a single unified product but rather manages infrastructure investments across multiple portfolio companies including Airport International Group (airport operations), Andalusia Medical Services (healthcare), BPGIC (oil storage), EMA Power/Daelim (power generation with 1,475MW capacity), Saudi Tabreed (district cooling), Seven Energy (oil and gas with 258 km pipelines), and United Water (water desalination). The investment strategy focuses on Power & Energy, Transportation & Logistics, Telecom Infrastructure, Water & Waste, and Social Infrastructure sectors across emerging markets.

Differentiator

Problem solved

Functional benefit

Products and services

• IDB Infrastructure Fund II Infrastructure investment fund with US$750 million of committed capital, focused on emerging markets across the Middle East, Asia, CIS, and Africa, targeting sectors including power and energy, transportation and logistics, telecom infrastructure, water and waste, and social infrastructure.
• Airport International Group (AIG) Jordanian company responsible for operation of Queen Alia International Airport under a 25-year concession agreement. Portfolio investment of the IDB Infrastructure Fund II.
• Andalusia Medical Services Leading regional healthcare provider in the Middle East, owning and managing primary and secondary healthcare facilities across Saudi Arabia and Egypt. Portfolio investment of the IDB Infrastructure Fund II.
• BPGIC Oil storage services provider established in 2013 in the Fujairah Free Zone, UAE, with a 60-year land lease. Portfolio investment of the IDB Infrastructure Fund II.
• EMA Power Investments Ltd / Daelim Joint venture between IDB Infrastructure Fund II and Daelim Energy acquiring, developing and managing power assets with 1,475MW capacity across IDB member countries. Portfolio investment of the IDB Infrastructure Fund II.
• Saudi Tabreed Owns and operates the largest district cooling portfolio in the Kingdom of Saudi Arabia with BOT concessions and O&M contracts, serving mega projects such as Saudi Aramco Development Complex and King Khalid International Airport. Portfolio investment of the IDB Infrastructure Fund II.
• Seven Energy Leading integrated oil and gas company in South East Nigeria with 258 km of gas distribution pipeline networks. Portfolio investment of the IDB Infrastructure Fund II.
• United Water Water desalination company in UAE operating a Ras Al Khaimah water plant with capacity exceeding 90,000 m3/day. Portfolio investment of the IDB Infrastructure Fund II.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Groupe ADPcoreStrategic or Co-development Partner · 22 December 2017ASMA Capital, acting as investment manager for IDB Infrastructure Fund II, partnered with Groupe ADP and Meridiam to take exclusive control of Airport International Group (AIG), concessionaire of Queen Alia International Airport in Amman, Jordan. Groupe ADP invested $265 million for 51% ownership.
• Daelim EnergycoreStrategic or Co-development PartnerDaelim Energy, subsidiary of South Korean conglomerate Daelim Industrial, partnered with IDB Infrastructure Fund II to create EMA Power joint venture. The JV operates power assets with 1,475MW capacity across IDB member countries.
• UTICOcoreStrategic or Co-development PartnerIDBIF II partnered with UTICO, the largest private utility company in the Middle East, to invest in United Water, a water desalination company in UAE. United Water operates Ras Al Khaima water plant with capacity exceeding 90,000 m3/day.

Scale indicators2 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Proparco: Development finance institution (AFD Group subsidiary) investing private equity in EM infrastructure, financial services and renewables. Closely matches ASMA's development-bank-backed EM infrastructure investment thesis.
• IFC Asset Management Company: World Bank Group's emerging-markets investment arm. Closely comparable mandate to ASMA (EM infrastructure equity, multilateral/government backing) and overlaps as co-investor in deals such as Seven Energy.
• Cube Infrastructure Managers: European-based infrastructure fund manager investing in transport, energy, telecoms and social infrastructure. Similar mid-sized fund structure and operating-asset equity strategy as ASMA.
• 3i Infrastructure plc: Listed infrastructure investment company focused on mid-market economic infrastructure in UK/Europe and selected international markets. Comparable mid-scale infrastructure equity investor model to ASMA's Fund II approach.
• Meridiam: Paris-based specialist infrastructure fund manager focused on long-term public-interest infrastructure. Directly comparable to ASMA as an EM/MENA infrastructure equity investor with similar ticket sizes and co-investment structures, and is an active co-investor alongside ASMA on assets like AIG.
• Africa Infrastructure Investment Managers (AIIM): Pan-African infrastructure and private equity fund manager. Comparable to ASMA's EM infrastructure mandate with focus on power, transport and water assets, and overlaps directly with ASMA's presence in Nigeria via Seven Energy.

Broad incumbents

• Macquarie Asset Management: World's largest infrastructure asset manager via MIRA. Comparable in infrastructure sub-sector focus (transport, energy, water) and emerging-markets reach, though at significantly greater AUM.
• Brookfield Asset Management: Global alternative asset manager with one of the largest infrastructure fund franchises. Overlaps with ASMA across transport, power, water and social infrastructure globally, but at materially larger scale and broader mandate.
• Global Infrastructure Partners (BlackRock): Major infrastructure equity fund manager now part of BlackRock. Competes with ASMA for institutional capital allocation to core/core-plus infrastructure in transport, energy and digital infrastructure.

Regional players

• Africa50: African infrastructure investment platform backed by African governments and the AfDB. Comparable EM infrastructure mandate to ASMA, but focused exclusively on African projects rather than the broader IDB geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/asma-capital-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Asma Capital Partners