GuarantCo was established to help address and overcome existing constraints in the supply of local financing to infrastructure projects and to help the development of local financial markets. GuarantCo is part of the Private Infrastructure Development Group and sponsored by five G12 governments. It is governed by a Board of Directors and managed by GuarantCo Management Company Limited. It also offers funds for technical assistance to develop and structure transactions that include a contingent product provided by GuarantCo, as well as to support local capacity building.