Global infrastructure fund manager Hastings Funds Management has won an infrastructure debt investment mandate from the Development Bank of Japan Inc. and DBJ Asset Management Co., Ltd (collectively DBJ Group), targeting investments in OECD countries.

This mandate adds to the success of Hastings’ infrastructure debt business which has shown strong growth with AUD3 billion (US$2.23 billion) in funds under management and more than 40 infrastructure debt investments globally as at 31 January 2017.

Andrew Day, the CEO of Hastings, said:

"Hastings is pleased to have established another important investment relationship with a major and well-respected partner in the Japanese market and anticipates that this relationship will expand over time. “

"This marks another important milestone in Hastings’ continued successful and rapid extension of our Asian footprint.”