Marubeni Corporation, Mizuho Bank, Ltd., and Asset Management One Co., Ltd. announced first close of MM Capital Infrastructure Fund I L.P., a specialized equity investment fund for overseas infrastructure assets managed by MM Capital PartnersCo., Ltd.

LP investors for the first close are MG Leasing Corporation, Korea Investment Management Co., Ltd., Fuyo General Lease Co., Ltd., Shinsei Bank Limited, and, in addition to Marubeni and Mizuho; its capital level is around JPY 20 billion (US$ 0.18 billion). In the next year, the fund plans on broadly reaching out to a number of investors in order to expand the capital managed by the Fund to JPY 50 billion (US$ 0.45 billion).

The Fund will make investments within the transportation infrastructure sector and the energy infrastructure sector and will focus primarily on assets that are already operational and generating steady cash flow (brown-field). In particular, the Fund will seek to make investments in member countries of the Organization for Economic Co-operation and Development (OECD). With this strategy, the fund will aim to mitigate risk factors like country risk and project risk, maintain income gain during the term, and provide long-term and stable investment opportunities to institutional investors like financial institutions and pension funds.