JP Morgan Asset Management, the global investment and wealth management firm, has closed its Asian infrastructure fund - JPMorgan Asian Infrastructure & Related Resources Opportunity (AIRRO) Fund -- at $858.6 million. The fund received commitments from investors, including institutional and high-net worth individuals from the US, Canada, Europe, Asia, Australia, and the Middle East, the company said in a statement. The fund has a dedicated team based out of Mumbai, besides offices in Hong Kong and Singapore.

The fund made its first close at $500 million in August 2008. It focuses on investments in infrastructure assets in India, China and other Southern Asian countries. Reports suggest that the fund is launched primarily as a 10-year closed-end fund with optional provision of two year extension.

Full Story...

Posted by mopeng at February 3, 2010 10:55 PM