JPMorgan raises $285m for second Asian infrastructure fund
According to a filing with the Securities and Exchange Commission, the asset management division of U.S. bank J.P.Morgan Chase & Co. has raised $285 million for its Asian Infrastructure & Related Resources Opportunity Fund II.
The bank's second regional infrastructure investment vehicle has attracted investments from 13 limited partners (LPs), with JP Morgan Institutional Investments and JP Morgan Securities listed as placement agents.
In June 2013, J.P. Morgan Asset Management had raised approximately $100 million for the fund, according to a filing with the Securities and Exchange Commission.
J.P. Morgan Asian Infrastructure & Related Resources Opportunity Fund II will invest in transportation, power generation, water and social infrastructure across China, India, Indonesia, the Philippines, Thailand and South Korea.
J.P. Morgan Asset Management raised about $860 million in its first dedicated Asia infrastructure fund, J.P. Morgan Asian Infrastructure & Related Resources Opportunity Fund, in 2010. The fund targets a broad range of infrastructure assets in the region including toll roads and other transportation assets, power generation, electricity transmission/distribution facilities, water supply, waste management and social infrastructure (including facilities for healthcare and education services).
Country news
-
-
November 13, 2014
Indonesia to join China's infrastructure bank
Last week, Beijing welcomed Indonesia's decision to join the China-sponsored Asian Infrastructure Investment Bank (AIIB), which 21 other Asian countries joined as founding members. Read more -
November 20, 2014
China Merchants and Hastings sign partnership
Infrastructure manager Hastings and China Merchants Investment Development Company Limited (CMID) have signed in Camberra a partnership agreement to invest together globally in infrastructure projects. Read more -
November 28, 2014
JV set to invest and operate waste & wastewater assets in China
Advance SCT Limited has announced that it has entered into a non-binding Memorandum of Understanding (MOU) on 25 November 2014 with Meike International Assets Management (Beijing) Co., Ltd. Read more -
November 28, 2014
MTR Corporation signs Letter of Intent for Beijing Metro Line 16
The Letter of Intent states the mutual understanding for initialling a concession agreement for the Line 16 PPP project. According to the Letter of Intent, Beijing MTR intends to participate in the investment, operations and maintenance of Line 16. Beijing MTR is a joint venture comprising MTR Corporation Limited (49%), Beijing Capital Group Limited (49%) and Beijing Infrastructure Investment Corporation Limited (2%). Read more -
December 10, 2014
China announces 30 PPP projects
The Chinese Ministry of Finance (MOF) announced the release of thrity public private partnership (PPP) projects on 4 December 2014.The announcement comes after the State Council released investment and financing guidelines that emphasized the importance of PPP in mobilizing private capital. Read more
