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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