The UK Green Investment Bank is considering the creation of a fund that would invest in multiple projects. The fund is designed to appeal to institutional investors that may seek exposure to assets such as offshore wind but would be unlikely to risk investing in a single project (Shankleman, 2014). For example, the Asian Development Bank acted as a cornerstone investor in the Philippine Investment Alliance for Infrastructure (PINAI), an unlisted fund dedicated to investing in infrastructure assets in the Philippines, which subsequently attracted outside investors including APG, a Dutch pension fund asset manager.