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Singapore’s Seraya Partners closes US$800 million fund backed by BlackRock and AIIB to build Asia-Pacific infrastructure

  • The oversubscribed fund will focus on bolstering Asia’s digital infrastructure and energy transition
  • Fund has already allocated around half of its capital to companies including a green data centre operator and an offshore wind farm vessel operator

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An aerial photo taken on June 28, 2023 shows a 16-megawatt wind turbine installed at the Fujian offshore wind farm operated by the China Three Gorges Corporation off the coast of southeast China’s Fujian Province. Photo: Xinhua
Martin Choi

Singapore-based private-equity firm Seraya Partners has closed a US$800 million fund focusing on bolstering Asia’s digital infrastructure and energy transition, backed by investors including BlackRock and the Asian Infrastructure Investment Bank (AIIB).

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The fund, which invests in next-generation infrastructure in Asia, focusing on energy transition and digital infrastructure platforms enabled by technology, surpassed its target of US$750 million, according to a statement by Seraya on Tuesday.

Investing in mid-market opportunities in infrastructure assets with an average check size of US$100 million, the fund is committed to bolstering the region’s transition to net zero and accelerating the adoption of clean, sustainable energy, according to the firm.

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“Asia’s rapidly expanding cities, intensifying climate change, and ageing infrastructure have created a pressing need to address the region’s burgeoning trillion-dollar infrastructure gap,” James Chern, managing partner and CIO of Seraya, said in the statement.
Employees work on solar photovoltaic modules at a factory in Haian in China’s eastern Jiangsu province on November 21, 2023. Photo: AFP
Employees work on solar photovoltaic modules at a factory in Haian in China’s eastern Jiangsu province on November 21, 2023. Photo: AFP

“Energy transition and digital infrastructure will be the twin engines to bridge this gap and lead us toward net-zero ambitions. We are deeply grateful for the support and confidence our investors have placed in us to address the infrastructure gap. We are committed to creating value for our investors while building a more sustainable future for Asia.”

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