A.P. Moller Capital, the asset management division of the Danish transportation and logistics conglomerate A.P. Moller Group, announced on Monday that it plans to invest more than $750 million in South and Southeast Asia's high-growth markets.
According to a statement, the investment firm has opened an office in Singapore and intends to invest in various infrastructure platforms in those markets.
"This is the next exciting step in the growth of A.P. Moller Capital and our investment business in Asia, where we see significant opportunity...," said Dhruv Narain, partner at A.P. Moller Capital and head of its Asia team.
A.P. Moller Capital has over $1.5 billion in assets under management and has invested in 16 projects.
Narain, who joined the firm in August, has a 20-year investment career that includes stops at Macquarie Group, the International Finance Corporation, and the Abu Dhabi Investment Council.
A.P. Moller Capital, part of the A.P. Moller Group, is a value-add infrastructure fund manager focused on high-growth markets. Our investments promote long-term economic growth and prosperity in the markets in which we operate, while also providing consistent and competitive returns.