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Infrastructure investment

Hana, ECP signs $300 mn infra investment partnership

To look for debt deals in N. America, Europe and OECD countries

By May 27, 2021 (Gmt+09:00)

(Source: Getty Images Bank)
(Source: Getty Images Bank)
South Korea's Hana Financial Investment Co. has signed a $300 million strategic partnership with US energy infrastructure-specialized firm ECP to invest in debts.

Under the partnership, they will deploy up to $300 million to debt investments across various infrastructure facilities in North America, Europe and other OECD countries, according to ECP's statement issued earlier this week.  

They will look across various structures including senior, subordinated, and unitranche bonds.

"This partnership will allow us to support a wider range of borrowers across the return spectrum," said Mahmud Riffat, Principal and Co-Head of Credit at ECP. in the statement.

Hana declined to give further details about how they would raise money for the partnership fund and whether it would involve limited partners. 

ECP, founded in 2005, established its credit platform in 2012. Since then, ECP's portfolio companies have issued over $31 billion of debt capital across various markets including commercial bank loans, syndicated term loans, high yield bonds, asset-backed structures, and private credit transactions. 

Hana, the investment arm of the country's fourth-ranked banking group Hana Financial Group, has been expanding its infrastructure portfolio in Europe and the US. 

Last year, it acquired a solar power project in Queensland, Australia for A$320 million from UK solar developer Luminous Energy. Additionally, it acquired equity interests in three wind farms in Finland and a portfolio of four US wind farms in Illinois, Nebraska and Texas, jointly with other Korean companies.

Write to A-young Yoon at youngmoney@hankyung.com

Yeonhee Kim edited this article.

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