CapAsia to launch $350m infrastructure fund

The fund will focus on projects in the power, renewable energy, transportation and telecommunication sectors in the likes of Indonesia, Malaysia, Thailand, Philippines and Vietnam.

The Japan Bank for International Cooperation (JBIC) and the Bank of Tokyo-Mitsubishi UFJ (BTMU) will each commit up to $25 million. According to JBIC's disclosure, the two Japanese firms are expected support overseas expansion of Japanese companies through the new vehicle. BTMU will also provide financial instruments to the fund portfolio companies.

Other LPs include Bangkok Bank Public Company, Germany's Deutsche Investitions - und Entwicklungsgesellschaft (DEG), as well as CapAsia's parent company The Rohatyn Group (TRG) and Malaysia-based CIMB Group.

CapAsia, TRG and CIMB will be responsible for identifying new projects through their existing networks.

Founded in 2006 through a joint venture between Malaysia's CIMB and South Africa's Standard Bank, CapAsia was known as CIMB Standard Strategic Asset Advisors before rebranding in 2010. Last year, US-based hedge fund TRG acquired a 60% stake in the business. The remainder was owned by CIMB.

CapAsia currently has $400 million in assets under management across three funds. Its first fund - The South East Asian Strategic Assets Fund - was launched in 2006. Three years later, it developed the Islamic Infrastructure Fund, a joint initiative backed by the Asian Development Bank and the Islamic Development Bank, as well as Babcock & Brown's Asia Infrastructure Fund.

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• Topics
• Southeast Asia
• Infrastructure
• Infrastructure
• Fundraising
• Fundraising
• Southeast Asia
• Infrastructure