MM Capital Partners was established in 2018 by Marubeni Corporation, Mizuho Bank, Ltd. and Asset Management One Co., Ltd. with the purpose of operating and managing specialized funds for equity investments in infrastructure assets located in OECD Countries.

The global infrastructure market has grown considerably, driven by factors such as economic growth and increasing demand for delivering and upgrading existing infrastructure - with this upward trend expected to continue in line with demand for high quality infrastructure. Against this backdrop of an expanding market, and combined with rising demand for infrastructure as an asset class, the sector is attracting a variety of new investors beyond traditional investors such as operators and construction firms.

It is within this market context that MM Capital Partners launched its infrastructure fund, leveraging the expertise and experience of its three sponsor shareholders. Marubeni has been active in various forms of infrastructure business, on a global basis for many years and has extensive expertise, experience, and local networks in the infrastructure market.

We leverage Marubeni's strengths to source and partner on investment opportunities, and utilise our experience in investing in global infrastructure assets to achieve an appropriate risk assessment and management. In addition, we differentiate ourselves by adding the fund management and infrastructure market experience and knowledge of Mizuho Bank and Asset Management One.

In March 2019, we reached the first close of our “MM Capital Infrastructure Fund I, L.P.” This fund primarily invests in the transportation infrastructure and energy infrastructure sectors and covers operating assets in OECD countries that generate a stable cashflow. In doing so, we aim to mitigate country and project risk while securing stable returns over the investment period. We fully invested all capital having utilised commitments in June 2023, forming a high quality portfolio of eight assets.

In addition, we completed the first close of “MM Capital Infrastructure Fund II, L.P.” in August 2023. This, our second fund provides wide range of investment opportunities including social infrastructure, communications infrastructure and utility infrastructure, in addition to the investment sectors covered by our first fund, “MM Capital Infrastructure Fund I, L.P.”

We will continue managing investment assets in a manner that meets the expectations of our stakeholders, secures stable cashflows and contributes to society through the provision of high quality infrastructure.

Tomohide GotoPresident and CEO