Japan’s Government Pension Investment Fund (GPIF) has issued a request for information (RFI) on infrastructure investment opportunities in its home market.
“The scope of the RFI is for domestic infrastructure investment opportunities. However, we also accept investment opportunities that include projects and assets outside Japan as a part of the portfolio,” GPIF said in a statement.
GPIF said it actively invested in infrastructure in both the Japanese and overseas markets. For the purpose of promoting its activities in Japan, it would gather information on potential investment opportunities in the domestic infrastructure market.
The world’s largest pension fund said it would also accept proposals for co-investment programmes or opportunities from relevant companies in the market.
Sectors of interest included renewable energy, telecommunications, electric power, transportation, gas pipelines, water and sewerage, district heating, energy transition-related businesses including hydrogen and ammonia businesses, and waste management.
It would also consider businesses related to public private partnership projects and private finance initiatives.
The Japanese pension fund currently has global infrastructure fund-of-fund mandates with Stepstone Group and Pantheon. It also has a modest exposure to offshore infrastructure investments with other sovereign and pension investors.
In its latest annual report, the ¥200trn (€1.3trn) pension fund disclosed that its infrastructure investments had risen to ¥1.45trn.
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