Japan’s Dai-ichi Life, Mizuho launch global infra debt fund

Focused on domestic institutional investors, the $991m vehicle will be deployed in project finance debt issued in overseas investment-grade markets.

Japanese insurer Dai-ichi Life Insurance has committed JPY10 billion ($99 million; €88 million) as seed money to a JPY100 billion infrastructure debt fund managed by Mizuho Global Alternative Investments

Dubbed “Cosmic Blue PF Trust Lily”, the debt fund will invest in overseas infrastructure project finance debt.