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

Seraya Partners’ Fund 1 has mid-market deals in its sights

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Genevieve Cua

Genevieve Cua

Published Tue, Jul 23, 2024 · 04:04 PM
    • From left: Douglas Kang, partner; Ivan Chern, managing partner; James Chern, managing partner and CIO; Bernard Ning, head of asset management and partner; Khan Yow, managing director. Seraya Partners is planning a second round of capital-raising in 2025.
    • From left: Douglas Kang, partner; Ivan Chern, managing partner; James Chern, managing partner and CIO; Bernard Ning, head of asset management and partner; Khan Yow, managing director. Seraya Partners is planning a second round of capital-raising in 2025. PHOTO: YEN MENG JIIN, BT

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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.

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