You are here:HomeCorporates

JPMorgan plans to raise up to $1.5 bn for Asia-dedicated fund: report

close

JPMorgan Chase & Co is targeting to raise between $1 billion and $1.5 billion in a dedicated fund to invest in core infrastructure assets across Asia, sources familiar with the matter told Reuters on Friday.

The fund, JPMorgan Asian Infrastructure & Related Resources Opportunity Fund II, will invest in transportation, power generation, water and social infrastructure across China, India, Indonesia, the Philippines, Thailand and South Korea, the sources said.

The sources declined to be named, as they were not authorised to speak to the media since the fund raising was still private.

A Hong Kong-based spokesman for JPMorgan declined to comment.

Copyright: Thomson Reuters 2013

Story first published on: February 22, 2013 15:42 (IST)

Tags: JPMorgan, infrastructure fund

MORE FROM NDTV

FROM THE WEB

MORE FROM THE WEB
MORE FROM NDTV

For Profit Update,
Follow NDTV on Pinterest

Social Sharing

Advertisement

Advertisement

Portfolio
 

More From NDTV

More From the WEB

Don't Miss

Advertisement

Market Data provided by © Accord Fintech.
© Copyright NDTV Convergence Limited 2014. All rights reserved.