JPMorgan raises $285m for second Asian infrastructure fund

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JPMorgan raises $285m for second Asian infrastructure fund

According to a filing with the Securities and Exchange Commission, the asset management division of U.S. bank J.P.Morgan Chase & Co. has raised $285 million for its Asian Infrastructure & Related Resources Opportunity Fund II.

The bank's second regional infrastructure investment vehicle has attracted investments from 13 limited partners (LPs), with JP Morgan Institutional Investments and JP Morgan Securities listed as placement agents.

In June 2013, J.P. Morgan Asset Management had raised approximately $100 million for the fund, according to a filing with the Securities and Exchange Commission.

J.P. Morgan Asian Infrastructure & Related Resources Opportunity Fund II will invest in transportation, power generation, water and social infrastructure across China, India, Indonesia, the Philippines, Thailand and South Korea.

J.P. Morgan Asset Management raised about $860 million in its first dedicated Asia infrastructure fund, J.P. Morgan Asian Infrastructure & Related Resources Opportunity Fund, in 2010. The fund targets a broad range of infrastructure assets in the region including toll roads and other transportation assets, power generation, electricity transmission/distribution facilities, water supply, waste management and social infrastructure (including facilities for healthcare and education services).

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