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J.P. Morgan raises $100 million for second Asian infrastructure fund
J.P. Morgan Asset Management has raised approximately $100 million for its J.P. Morgan Asian Infrastructure & Related Resources Opportunity Fund II US, according to a filing with the Securities and Exchange Commission. A total equity target was not disclosed; however, according to an article by Reuters, the fund is seeking to raise between $1 billion and $1.5 billion.
J.P. Morgan 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.
J.P. Morgan Asset Management raised about $860 mil