Mitsubishi, Canada's OMERS To Launch Infra Fund

Mitsubishi Corp., a major trading company, announced that Mitsubishi will participate in one of the world's largest infrastructure investment alliances, the Global Strategic Investment Alliance (GSIA), to invest in large-scale infrastructure assets mainly in North America and Europe. Mitsubishi is looking to jointly invest up to $2.5 billion with leading Japanese pension fund Pension Fund Association, Japan Bank for International Cooperation, and Mizuho Corporate Bank. The GSIA is a world-wide alliance that aims to raise $20 billion, led by Canada's leading pension plan, the Ontario Municipal Employees Retirement System (OMERS).