Japan’s MUFG Bank is studying to set up a JPY 100bn (USD 924m) worth infrastructure debt fund, a MUFG spokesperson confirmed today (6 June).
“We are considering launching a debt fund in a positive manner,” to provide institutional investors at home and overseas with opportunities to invest in infrastructure-related deals on a global basis, said the spokesperson.
The spokesperson declined to give further details, however said that a formal announcement will likely come out soon.
This marks the latest move by a Japanese bank to launch an infrastructure fund amid increasing demand for such projects, including transport and energy outside Japan, which create a stable cash flow.
In February this year, Sumitomo Mitsui Banking Corp. together with trading house Sumitomo Corp. and Development Bank of Japan said they have launched an infrastructure equity fund of up to JPY 30bn earmarked for investment into UK offshore wind power projects.
In January, Mizuho Bank and trading house Marubeni said they have set up a new infrastructure equity fund called MM Capital Infrastructure Fund which had reached a JPY 20bn first close as of mid-March.