Establishment of JPY 20bn Domestic Infrastructure Income Fund №2

Global Infrastructure Management and SMFL Mirai Partners, a strategic subsidiary of Sumitomo Mitsui Finance & Lease, have jointly established the “Global Infrastructure Management Income Fund №2” on September 1, 2024, and have now completed their first investments through the acquisition of non-voting shares of Sendai International Airport, which operates Sendai Airport (the first privatized national airport), and completion of an anonymous partnership investment in a solar power plant portfolio.

This Fund will continue to solicit investments from domestic institutional investors, aiming to expand its scale. Utilizing the “Global Infrastructure Management Asset Creation Fund №1” (established in June 2022), which is one of G Company’s infrastructure business platforms, the fund will invest in and manage various domestic infrastructure projects with high social needs, including PPP (Public Private Partnership) sectors such as public facility operation projects and decarbonization sectors like renewable energy projects.

Through this Fund, which is a follow-up to the “Global Infrastructure Management Income Fund №1” established in April 2022, the partners will fulfill their responsibility as a fund investing in and managing infrastructure projects that support society and contribute to the enhancement and expansion of domestic infrastructure capital markets.

Fund Overview

• Name: Global Infrastructure Management Income Fund №2 Investment Limited Liability Partnership
• Establishment Date: September 1, 2024
• Planned Scale: 20 billion yen (as of March 2025)
• Investment Target Sectors:
  - Transportation and logistics
  - Tourism, education, and entertainment
  - Local utility services
  - Environment and energy sectors
• General Partners:
  - Global Infrastructure Management (50%)
  - SMFL Mirai Partners (50%)
• Limited Partners: 8 entities including regional banks, insurance companies, trust banks (pension trusts), and educational institutions (as of today)

First Investment

• Investment Asset: Non-voting shares of Sendai International Airport
• Investment Sector: Transportation and logistics
• Acquisition Source: Global Infrastructure Management Asset Creation Fund №1
• Acquisition Date: October 31, 2024

Second Investment

• Investment Asset: New anonymous partnership investment in solar power plant portfolio SPC
• Investment Sector: Environment and energy
• Acquisition Source: Global Infrastructure Management Asset Creation Fund №1 (refinancing investment)
• Acquisition Date: October 31, 2024

About Global Infrastructure Management

A strategic joint venture established in 2017 by Tokyu Corporation and Infroneer Holdings, bringing together their long-standing strengths in infrastructure business to meet market needs for new infrastructure business domains. They are responsible for organizing infrastructure business projects, supporting financing, and investment management.

About Sumitomo Mitsui Finance & Lease Group

Sumitomo Mitsui Finance & Lease is a top-tier comprehensive leasing company in Japan. Its strategic subsidiary, SMFL Mirai Partners, will continue to contribute to creating a sustainable society by leveraging its accumulated expertise and collaborating with business partners to invest in essential regional infrastructure projects.

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