Alternative investments
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)
1
Min read
Most Read
Samsung shifts to emergency mode with 6-day work week for executives
Alibaba eyes 1st investment in Korean e-commerce platform
Blackstone signs over $1 bn deal with MBK for 1st exit in Korea
NPS loses $1.2 bn in local stocks in Q1 on weak battery shares
MBK eyes stake in Korean software developer Tmaxsoft
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.
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.
More to Read
-
Alternative investmentsKookmin Bank to co-finance $840 mn US solar project
Jul 22, 2021 (Gmt+09:00)
1 Min read
Comment 0
LOG IN