Fund Management
JP Morgan Asian Infrastructure Fund Gains Strong Interest From HNWs

JP Morgan Asset Management has announced the closing of the
JP Morgan Asian Infrastructure & Related Resources Opportunity
Fund after receiving $858.6 million in capital commitments from
institutional and high net worth investors worldwide.
The fund, which targets a wide range of infrastructure assets in
the Asian region, is one of the largest dedicated Asian
infrastructure funds, the company said in a statement. The
endeavor demonstrates JP Morgan AM's global real assets platform
into the emerging markets and infrastructure space, to complement
its existing range of related offerings.
"Asia is providing an extraordinary opportunity for investing in
infrastructure and its related resources," saidJoe
Azelby, the global head of JP Morgan AM's Global Real Assets
arm.
"We have had tremendous interest from a diverse group of
investors who see the growth potential that this dynamic market
affords and require an investment firm with direct access to a
broad range of investment opportunities and the resources to
capitalize on them. JP Morgan Asset Management fulfills those
requirements," he added.
The unit will be manned by infrastructure and investment
professionals based in Hong Kong, Singapore, and Mumbai.