Patrizia and Mitsui Launch New APAC Sustainable Infrastructure Fund

Patrizia, a leading partner for global real assets, has teamed up with Japan’s Mitsui & Co., one of the largest trading and investment companies in the world, to launch the APAC Sustainable Infrastructure Fund (A-SIF), which has US$110 million equity to invest at first close.

With a target size of US$500 million to US$1 billion, A-SIF is one of the largest active funds dedicated to investing in sustainable mid-market infrastructure across Asia-Pacific and is the second infrastructure fund from the Patrizia-Mitsui joint venture.

A-SIF will invest in key developed markets across APAC, including Australia, Japan, Singapore, South Korea, New Zealand and Taiwan, as well as in select developing Asian markets. The investment strategy will aim to build a diversified portfolio of sustainable assets, aligned with globally established ESG principles.

The Fund will primarily focus on mid-market brownfield opportunities in the four core sectors of energy (50%), digital (20%), social (20%) and mobility (10%).

Target assets include solar and wind farms, battery storage, data centres, sea cables, healthcare and education facilities, and EV charging stations. Each investment will aim to deliver strong financial returns alongside positive sustainable outcomes in line with the UN’s Sustainable Development Goals (UN-SDGs).

Daisuke Ishida, Managing Officer and Chief Operating Officer, Corporate Development Business Unit at Mitsui, said: “This A-SIF is a new infrastructure fund based on the strong relationship between Patrizia and Mitsui for more than 15 years. We hope to meet the expectations of its investors while further developing our relationship with Patrizia.”

Founder and CEO at Patrizia, Wolfgang Egger said: “With the launch of A-SIF, we are pleased to offer investors access to one of Asia-Pacific’s largest active strategies dedicated to sustainable, mid-market infrastructure investing. For Patrizia, APAC is a core pillar of our mid-term growth strategy, so we are very excited to again join forces with our partners at Mitsui to drive the growth of our real assets footprint in the region and help us achieve this ambition.”

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