Sumitomo Life Insurance approves $100m commitment

The Japanese insurer has backed an infrastructure fund.

Chin Yuen

3 December 2020

Institution: Sumitomo Life Insurance
Headquarters: Osaka, Japan
AUM: 33.57 trillion Japanese yen

Sumitomo Life Insurance has agreed to commit $100 million to Global Renewable Power Fund III. The fund is managed by BlackRock Real Assets and will invest in renewable energy power generation facilities in OECD member countries.

As illustrated below, this is the first time the Japanese insurer has made a commitment to an infrastructure fund.

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