Nomura creates $1.1bn Asian infra fund

The Japanese financial services group has entered into a partnership with local export credit agency NEXI to raise a fund that will use trade insurance to invest in infrastructure projects across Asia. Reports say the new venture will seek to raise up to $1.1bn.

Nomura Securities, part of Japanese financial services group Nomura, has signed a memorandum of understanding with government export credit agency Nippon Export and Investment Insurance (NEXI) to raise an infrastructure fund, it said in a statement.

Under the terms of the agreement, both parties “will cooperate on creating a fund that utilizes trade insurance to invest in infrastructure projects in Asia,” Nomura explained. Media reports say the fund will aim to raise up to 100 billion yen (€896 million; $1.1 billion).

Nomura said the fund intends to capitalise on an increasing “demand for infrastructure investments […] in the emerging economies of Asia on the back of continued economic growth”.