Powered by MOMENTUM MEDIA

Hastings and SuMi Trust recently reached ‘first close’ on two debt funds – one targeting investment in junior European infrastructure debt, and the other in senior European debt opportunities.

The current total targeted commitment for both debt investment vehicles is 25 billion yen (approximately AUD$250 million).

Advertisement
Advertisement

Hastings chief executive Andrew Day said he was pleased to have established an investment relationship with such a “major and well-respected partner in the Japanese market”.

“Both partners want to develop this relationship beyond the current investment partnership arrangement, at some point in the future,” Mr Day said.

The arrangement expands Hastings’ ‘Asian footprint’ – which currently includes China, Korea and India, he added.

“The two debt deals follow Hastings’ recent signing of a Strategic Partnership Agreement with Hong Kong-headquartered China Merchants Investment Development Company Limited (CMID) in Canberra earlier this month,” said a Hastings statement.

 

Hastings teams up with Japanese bank
investordaily image
ID logo

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.