Mitsubishi UFJ Financial Group (MUFG) and have teamed up to launch a private financing venture for project and infrastructure investments, with an initial annual target of $1bn (鈧953m) in transaction volume.

Jonathan Newman, head of US infrastructure debt at DWS, said: 鈥淲e are excited to deepen our relationship with MUFG, a recognised market leader in infrastructure finance, and look forward to designing financing solutions tailored to meet institutional market demands.

鈥淟everaging the asset class knowledge, origination capabilities, and institutional relationships of both firms, we look forward to creating value for clients and supporting subsectors critical to economic growth.鈥

Erik Codrington, head of project finance for the Americas at MUFG, said: 鈥淭he alliance with DWS highlights MUFG鈥檚 commitment to delivering tailored capital and advisory solutions that meet our clients鈥 evolving needs in energy transition and the expanding digital infrastructure sector.鈥

Art de Pe帽a, head of international private side distribution at MUFG, said: 鈥淥ur collaboration with DWS, a global asset manager, strengthens our ability to deliver impactful financing and distribution outcomes for our global project finance and infrastructure clients.鈥

Anja Sharma, MD in capital markets at MUFG, said: 鈥淭his venture underscores MUFG鈥檚 commitment to fostering trusted and collaborative relationships with clients and investors, which are fundamental to driving transformative and effective financing solutions for all parties involved.鈥

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