IFM Investors together with Hanwha Asset Management and Hyundai Investments have closed on two infrastructure debt funds for a total commitment of US$420 million.

Hanwha Asset Management and Hyundai Investments will manage funds worth US$190 million and US$230 million, respectively. The funds have secured commitments from eight Korean insurance firms. IFM Investors will manage the offshore deals for the funds that include an operating combined gas cycle plant in the United States. 

The Funds will invest in infrastructure assets in all member nations of the Organization for Economic Cooperation and Development.