TOKYO -- Japanese trading house Marubeni and Mizuho Bank have created an investment fund targeting overseas infrastructure, aiming to raise 50 billion yen ($342 million) from institutional investors seeking stable returns.
A joint venture by the two partners and Mizuho Financial Group's Asset Management One will operate the fund. It primarily will handle low-risk projects such as road construction but also will pursue higher-risk areas including decarbonization projects.
