Real assets manager Patrizia has partnered with trading and investment firm Mitsui to co-invest in sustainable infrastructure in APAC.
Patrizia MBK Fund Management (PMBK), the two firm’s joint venture, will manage the newly launched strategy which is expected to hold up to $1bn (€926.4m) in managed assets.
The strategy will invest in the developed APAC markets of Australia, Japan, Singapore, South Korea, New Zealand and Taiwan, as well as in select developing Asian markets as it targets the energy, digital, social and mobility sectors.
Graham Matthews, the CEO of Patrizia Infrastructure, said the new APAC strategy provides significant capital to “really accelerate our next phase of growth in the Asia-Pacific region, which remains a core pillar of our mid-term growth strategy”.
Matthews said: “For nearly four decades, we have been a strategic partner for our clients and successfully expanded our range of investment solutions. With this new launch, we are offering our largest-ever infrastructure strategy in APAC that delivers much broader investment opportunities across the entire real assets sector.
“Furthermore, our proven long-term partnership with Mitsui over the last 15 years demonstrates that we remain a strong and trusted partner to our clients in these times of continued uncertainty.”
Saji Anantakrishnan, the head of infrastructure for Australia and Asia at Patrizia, said: “As the world’s top growth region, Asia-Pacific is an extremely compelling proposition for investors thanks to its favourable macroeconomic conditions, as well as the growing supply-demand imbalance for strategic infrastructure investments.
“Governments alone cannot finance this transition, opening up enormous opportunities for private capital to shape the future development and prosperity of the region.
“Our new APAC strategy is perfectly positioned to capitalise on these market dynamics, as well as the wider global megatrends that are shaping economies around the world.”
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