BlackRock and China-led AIIB among backers of $800 million Asia-focused infrastructure fund
Publishing timestamp: 2023-12-12 00:22:55
Summary
The Seraya Partners Fund I has raised $800 million, exceeding its target of $750 million. Major investors include the Asian Infrastructure Investment Bank (AIIB), Alberta Investment Management, sovereign wealth funds, and family offices from North America, Europe, and Asia-Pacific. The fund focuses on mid-market investments in energy transition and digital infrastructure development in Asia-Pacific and Southeast Asia. Investor interest in this asset class has been increasing due to the desire for stable returns amidst high inflation and market volatility. The fund aims to address the infrastructure gap in Asia and contribute to net-zero ambitions.
Sentiment: POSITIVE
Keywords: asia economy, environment, business news, social issues, kkr & co inc, blackrock inc, transportation, investment strategy, breaking news: business, labor economy, breaking news: investing, beijing, energy, world markets,