Sumitomo Mitsui Trust Bank (SMTB) has reached a ¥123bn final close for its second Japanese infrastructure fund, Japan Infrastructure No. 2, setting a new fundraising record for a Japanese domestic infrastructure fund.
The fund focuses on investments in sectors including digital infrastructure, energy, energy transition, renewables, and social infrastructure across the Asia-Pacific region. The fundraising attracted commitments from a diverse group of investors, including government entities, insurance companies, limited partners, and pension funds.
SMTB’s achievement highlights strong investor appetite for Japanese infrastructure assets, particularly in the energy transition and digital sectors. The fund’s record close underscores the growing importance of infrastructure as an asset class in Japan and the broader Asia-Pacific market.
The news was reported by Tom Taylor in Infrastructure Investor, with related articles covering other major infrastructure fundraising deals, including Hamilton Lane’s A$660m transport CV and KKR’s record APAC infrastructure fundraising.
Source: Infrastructure Investor · Summarized by HeadlinesBriefing