Dai-ichi Life invests in infrastructure debt fund

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Dai-ichi Life invests in infrastructure debt fund

The Dai-ichi Life Insurance Company, Limited has made a commitment to invest JPY10 billion (US$99 million) as seed money to the Cosmic Blue PF Trust Lily, an infrastructure debt fund which invests in overseas infrastructure project finance.

The Cosmic Blue PF Trust Lily JPY denominated full-scale global infrastructure debt fund managed by Mizuho Global Alternative Investments, Ltd (MGAI), a subsidiary of Mizuho Bank, Ltd. The fund aims to achieve long term stable income gains by investing in debts for projects which generate predictable cash flows, such as projects after construction period and projects secured by long term offtake agreements.

The company and MGAI cooperatively developed the investment scheme of the fund. The fund converts foreign currency denominated cash flows from overseas project finance debts into JPY, efficiently monitors credit of underlying projects and properly manages the debts.

By investing in the fund, investors will be able to have a diversified portfolio in overseas project finance market which is estimated to be approximately JPY30 trillion per annum.

Since 2013, Dai-ichi Life Insurance Company, Limited has been actively and continuously investing in new asset classes such as infrastructure and project finance. 

List of country news

Country news

  • July 27, 2016

    Japan starts market sounding for Fukuoka airport concession

    The government of Japan has started the market sounding to select a qualified private firm to run the Fukuoka airport concession. Read more
  • July 01, 2016

    Maeda Corporation-led team selected for Japanese toll roads concession

    The Aichi Prefectural Road Public Corporation (APRPC) has selected a Maeda Corporation-led team for the concession to operate eight toll roads in the Aichi prefecture, in central Japan. Read more
  • May 03, 2016

    Nippon Life Insurance Company announces commitments to infrastructure

    Nippon Life Insurance Company, together with its wholly owned subsidiaries Nippon Life Global Investors Americas, Inc. (NLGI Americas) and Nippon Life Global Investors Europe PLC (NLGI Europe), Read more
  • April 01, 2016

    ADB, JICA establish $1.5 billion fund to invest in private infrastructure

    The Asian Development Bank (ADB) has entered into an agreement with the Japan International Cooperation Agency (JICA) to establish a new fund to support private infrastructure investments across Asia and the Pacific. The fund, Leading Asia’s Private Infrastructure, or LEAP, will be capitalized by $1.5 billion in equity from JICA, and will be managed by ADB’s Private Sector Operations Department. Read more
  • March 18, 2016

    SMBC to sell project finance debt securities in Japan

    Sumitomo Mitsui Banking Corporation (SMBC) has recently announced that it will create a new class of instruments to sell project finance debt securities in Japan. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.