Korea Transportation Asset Management Co. (KOTAM) and global private equity firm I Squared Capital (ISQ) are jointly launching a $800-million blind pool fund that will invest in overseas infrastructure loans.
Local financial institutions including NH Investment & Securities reportedly will contribute in the blind pool fund, which will be invested in high-grade infrastructure loans of the Organization for Economic Co-operation and Development (OECD) countries in Europe and America.
KOTAM is a joint venture between Kukje Maritime Investment Corp. and the country’s major commercial lender Hana Bank. It specializes in infrastructure investment such as airplanes, vessels and other transportation assets.
Its parent Kukje Maritime Investment is an energy transporting company that also owns and charters 70 some vessels including liquefied natural gas carriers. Its clients include British multinational oil and gas company BP and Brazilian mining giant Vale. It also operates vessel funds with assets under management totaling 5 trillion won ($4.2 billion).
By Kim Je-lim and Cho Jeehyun
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