Home-grown fund aims to plug Asia’s digital and green infrastructure gaps

WHEN home-grown infrastructure investment firm Seraya Partners raised US$800 million for its maiden fund at end-2023, it’s a fair bet that few have heard of the firm.

The company sought funding of US$750 million for the themes of green and digital infrastructure investments. That it surpassed its target reflects the appetite not only for infrastructure as a private-market asset class, but also for exposure to the Asia-Pacific, where the funding gap is wide.

Globally, countries in the Asia-Pacific are among those most vulnerable to the climate crisis. The Asian Development Bank has estimated that Asia will need US$1.7 trillion in annual investment in infrastructure through 2030 to meet current demand.