Eduard Fernandez
The two vehicles, co-managed by Hanwha Asset Management and Hyundai Investments, have received commitments from eight South Korean insurance firms.
The deal is a debut transaction for the government-backed vehicle’s Strategic Fund and comes amid growing concerns surrounding bad loans in the country’s infrastructure sector.
The vehicle will be targeting senior debt for greenfield and brownfield projects in investment-grade countries, as well as developing markets through credit enhancement.