London-listed asset manager ICG has formed a partnership with Hanwha Energy to invest in and develop energy and digital infrastructure projects in Japan. In the Vietnam market, impact investor Beacon Fund has extended a loan to local clinic operator TIMEC.
ICG partners Hanwha Energy to invest in Japan infrastructure
ICG’s Asia-Pacific infrastructure strategy has partnered with Hanwha Energy Corporation Japan to source, invest in and develop renewable energy, energy transition and digital infrastructure projects in Japan.
The partnership will build on ICG’s existing investments in Japanese solar platform Voltaiyo and battery storage platform Ray8, per a release on Wednesday.
It will target energy, energy transition and related infrastructure sectors, including solar and battery storage assets, with a view to supporting Japan’s transition to a lower-carbon economy.
“Japan represents a core market for our APAC Infrastructure strategy, with attractive long-term fundamentals driven by the energy transition,” said Devarshi Das, Head of ICG Asia-Pacific Infrastructure.
Hanwha Energy Corporation Japan is part of Hanwha Group, one of South Korea’s largest conglomerates and a major renewable energy developer with a reported 17.8 GW development track record across the US, Europe and Asia-Pacific.
Beacon Fund extends loan to Vietnam-based clinic chain TIMEC
Impact lending fund Beacon Fund announced that it has invested in Vietnam-based TIMEC International General Clinic.
The deal marks the first investment under Beacon Fund’s partnership with the Australian Government, through the latter’s Investing in Women’s “Innovation Window.”
The loan has been structured with an impact-linked incentive mechanism, allowing TIMEC to receive up to a 2% reduction in interest rates if the company successfully achieves certain milestones.
Founded in 2018, TIMEC has now expanded to gastrointestinal endoscopy, colorectal care, dentistry, rehabilitation, corporate health screening, and other specialised healthcare services.
Beacon Fund’s investment will provide additional resources for the company to further strengthen its facilities, enhance clinical capabilities, develop its workforce, and expand healthcare services in the years ahead.
“This deal marks the first investment under the Innovation Window, [under which] we committed to going smaller and earlier, and to more innovative lending structures – all to back promising ‘missing middle’ SMEs,” said Shuyin Tang, Co-Founder and CEO of Beacon Fund.
