Japan's Pension Fund hires Mitsubishi UFJ Trust for global infrastructure

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Japan's Pension Fund hires Mitsubishi UFJ Trust for global infrastructure

Japan's Pension Fund Association for Local Government Officials, or Chikyoren, has announced it has hired Mitsubishi UFJ Trust and Banking to manage its global infrastructure investments.

The amount the company will manage for the fund has not been disclosed.

The Tokyo-based pension fund manages funds of around JPY20.6 trillion (US$204 billion). The latest allocation marks the pension fund's second to global infrastructure.

The pension fund has made allocations this year:

  • Resona Bank in March and Nomura Asset Management in June were hire to manage domestic real estate.
  • UBS Asset Management was hired in July to manage global real estate. 
  • J.P. Morgan Asset Management (JPM) was hired also in July for global infrastructure. 

We have recently announced that Dai-ichi Life Insurance Company, Limited 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.

In May 2016, we reported that Nippon Life Insurance Company also set aside JPY 40 billion (US$375.5 million) for new commitments to infrastructure equity funds.

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    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. Read more
  • 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

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  • 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

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