AIMCo is an anchor investor for the Singapore-based firm
The Alberta Investment Management Corporation (AIMCo) celebrated the announcement of Singapore-based Seraya Partners’ successful completion of fundraising for their inaugural Seraya Partners Fund 1, surpassing their initial target of $750 million by raising almost $800 million at the final closing. AIMCo is an anchor investor in the fund.
The primary focus of the fund is on middle-market infrastructure investments aimed at facilitating the energy transition in Asia, including ventures into green data centers, offshore wind vessels, and the broader renewable energy sector.
“AIMCo is excited to support and partner with Seraya to gain exposure to diversified infrastructure investments in the region. This funding commitment is a strong recognition of the growing opportunities for AIMCo's clients that lie in Asia. It is our strategy to seek to benefit from our partners' deep regional and sector expertise as we continue to build out capabilities in the region,” says Jason Munsch, managing director, infrastructure and head of external partnerships at AIMCo's Singapore office.
AIMCo officially inaugurated its Singapore office back in September. “We believe the long-term growth opportunities in Asia-Pacific are compelling and well-aligned with AIMCo’s long-term investment horizon,” Evan Siddall, AIMCo CEO, told Reuters.
“Asia’s rapidly expanding cities, intensifying climate change, and aging infrastructure have created a pressing need to address the region’s burgeoning trillion-dollar infrastructure gap. Energy transition and digital infrastructure will be the twin engines to bridge this gap and lead us toward net-zero ambitions,” says James Chern, Managing Partner and CIO of Seraya Partners.
“We are deeply grateful for the support and confidence our investors have placed in us to address the infrastructure gap. We are committed to creating value for our investors while building a more sustainable future for Asia,” Chern adds.
