Surbana Jurong – Mitsubishi Corporation to Set up Rs 3,500 Cr Fund Management Company

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US$500M Fund to Invest in Urban Development and Infrastructure Projects in Emerging Asia

By Accommodation Times Bureau

Surbana Jurong Capital, the newly established financial services arm of Surbana Jurong and Mitsubishi Corporation on September 14 signed an agreement to set up a fund management company (FMC). The FMC will be a 50:50 joint venture between the two companies and will be jointly managed by both partners.

The partners will each contribute up to US$250 million (Rs 1.750 crore estimated) to seed the Fund, and the FMC will also raise and manage funds from other accredited or institutional third-party investors.

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