Hastings links to SuMi Trust
Infrastructure investment manager Hastings Funds Management has this week announced a partnership with Japan's Sumitomo Mitsui Trust Bank (SuMi Trust) to invest in key infrastructure debt opportunities in Europe.
Announcing the move, Hastings said the deal added to a successful year for debt business which had won mandates in Asia, North America and Europe.
Under the investment partnership, Hastings and SuMi Trust have recently reached first close on two debt funds, one targeting investment in junior European infrastructure debt and the other in senior European debt opportunities.
Explaining the arrangement, Hasting Chief Executive Andrew Day said SuMi Trust was Hastings' first Japanese client.
"We are very pleased to have established an investment relationship with such a major and well-respected partner in the Japanese market.
He said relationship with SuMi Trust marked another important milestone in Hastings' successful and rapid extension of its "Asian footprint" via arrangements with partners in China, Korea, India and now Japan.
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