Nia Tam
The Japanese insurer has emerged as an anchor investor in M&G’s European infrastructure debt fund as the UK asset manager looks to raise €286m from Asian LPs.
.jpg "HKMA commits $1bn to IFC’s debt platform")
The move comes as its $426bn Exchange Fund eyes more investments in infrastructure.
The Japanese investment manager has also secured an overseas infrastructure mandate from Chikyoren, one of the biggest pensions in Japan.
The Chinese life insurer remains cautious about overseas investments, but could invest up to 15% of its $333bn assets in overseas markets.
The $1bn corporate pension sees infrastructure debt as a fixed income product.
Samsung Life committed $250m to the vehicle, which is also backed by three other Korean institutions.
The tie-up comes as India’s government and central bank are stepping up efforts to solve the country’s bad-debt problem.
%2080.jpg "KDB plans $176m infra fund launch in late 2017 – exclusive")
The policy bank of South Korea is also reviewing a potential $20m debt financing for a midstream gas pipeline project in the US.
Minority shareholders in Dubai’s $3.4bn Hassyan project include ACWA Power, China’s Harbin Electric and the Silk Road Fund.
Two new directors will add to the Australian fund manager’s LP-focused team in North America after the appointment of a global head of IR in June.