Singapore-based private equity firm Seraya Partners announced on Tuesday the successful fundraising of $800 million for its Asia infrastructure fund, surpassing its initial target of $750 million. The oversubscribed fund attracted capital from a diverse group of global institutional investors, including sovereign wealth funds, pension funds, insurers, and family offices across North America, Europe, and the Asia Pacific region.
Among the notable limited partners in the fund are the Asian Infrastructure Investment Bank, Alberta Investment Management Company, and funds managed by BlackRock. Seraya's infrastructure fund focuses on digital infrastructure and energy transition investments in the Asia Pacific region.
The fund aims to invest in mid-market opportunities related to the energy transition and digital infrastructure, with an average investment size of $100 million. The target markets include developed Asia Pacific nations and Southeast Asia. The pressing need to address the region's infrastructure gap, driven by rapid urbanization, climate change challenges, and aging infrastructure, has positioned Seraya Partners to contribute to vital projects.
Currently, 50% of the fund's capital is allocated to investments in companies such as data centre operator Empyrion DC, offshore wind farm vessel operator Cyan Renewables, and renewable energy firm Astrid Renew.
