Dai-ichi Life Insurance has committed £70 million ($94 million; €80 million) to M&G Investments’ Infrastructure Loan Fund.
The fund, which targets to raise £250 million ($334 million; €286 million), will be invested in project finance loans and bonds for PPP projects such as railways in Europe.
The Japanese insurer is not only the anchor investor of the fund, but also one of the fund organisers, which set the fund’s investment focus. In 2016, Dai-ichi Life also co-organised the JPY33 billion ($300 million, €255 million) Cosmic Blue PF Trust Lily with Mizuho Global Alternative Investments to invest in overseas markets.
Platinum subscribers may click here for the insurer’s full profile, including key contacts, allocation strategy and fund investments.