Patrizia and Mitsui have launched a new flagship discretionary sustainable infrastructure strategy in APAC.
Aiming for assets under management of $1 billion, it is Patrizia Infrastructure’s largest-ever strategy in APAC and one of the largest active initiatives dedicated to investing in sustainable mid-market infrastructure across the Asia-Pacific region.
The strategy is managed by PAatrizia MBK Fund Management (PMBK), a joint venture management company between Patrizia and Mitsui & Co. (Mitsui).
The new initiative will invest in sustainable infrastructure assets in the key developed APAC markets of Australia, Japan, Singapore, South Korea, New Zealand and Taiwan, as well as in select developing Asian markets.
The investment strategy will primarily focus on mid-market brownfield opportunities in the four core sectors of energy, digital, social and mobility, targeting assets such as solar and wind farms, battery storage, data centres, social infrastructure and EV charging stations.
Graham Matthews, CEO of Patrizia Infrastructure, said: “The launch of our new APAC strategy is a real game-changer for Patrizia. It 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. 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 c.15 years demonstrates that we remain a strong and trusted partner to our clients in these times of continued uncertainty.”
Saji Anantakrishnan, 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. With some 15,000 boots on the ground in APAC through the Patrizia-Mitsui partnership, we are excited to deliver the highly attractive combination of both stable and sustainable returns for our investors.”
The Asia-Pacific region is forecast to contribute c.60% of global growth by 2030, while it has an estimated USD 900 billion annual shortfall in infrastructure funding, according to the Asian Development Bank.
