JP Morgan Asian infrastructure fund raises $858.6 million

J.P. Morgan Asset Management has announced the closing of the JPMorgan Asian Infrastructure & Related Resources Opportunity Fund (the "Fund") with $858.6 million in capital commitments from a diversified range of investors, including institutional and high-net worth investors from the U.S., Canada, Europe, Asia, Australia, and the Middle East.

The Fund, which is one of the largest dedicated Asian infrastructure funds, targets a broad range of infrastructure assets in the region including toll roads and other transportation assets, power generation, electricity transmission/distribution facilities, water supply, waste management and social infrastructure (including facilities for healthcare and education services). The Fund will also make related resource investments involving the critical inputs required for Asia's massive infrastructure investment agenda. 

Philip Jackson, Chief Executive, J.P. Morgan Asset Management - Global Real Assets - Asia Infrastructure Investments Group, said: "We have built a strong team of experienced infrastructure professionals based in Hong Kong, Singapore and Mumbai. We are 100% focused on building upon the investments made to date and look forward to delivering the attractive investment returns our clients are expecting."

The Fund demonstrates the continued expansion and reach of J.P. Morgan Asset Management's Global Real Assets platform into the emerging markets and infrastructure space, complementing its existing suite of real estate and infrastructure strategies that span the risk-return spectrum, the public and private markets and geographic regions of the world.

"Asia is providing an extraordinary opportunity for investing in infrastructure and its related resources," said Joe Azelby, Global Head, J.P. Morgan Asset Management - Global Real Assets.  "We have had tremendous interest from a diverse group of investors who see the growth potential that this dynamic market affords and require an investment firm with direct access to a broad range of investment opportunities and the resources to capitalize on them.  J.P. Morgan Asset Management fulfils those requirements.