trading house

The $1.6bn project is being jointly developed with Thailand´s Gulf Energy Development, and has been backed by a consortium of 16 lenders.

MM Capital Partners failed to reach its first close target of ¥30bn for its maiden infrastructure fund due to some investors demanding more seed assets before committing capital.

The trading house and Mizuho Bank have already committed capital to the new vehicle, which has a target of ¥50bn and will invest in transport and energy infra assets overseas.