Australia-based Fund manager Tribeca Investment Partners announced that it has expanded the size of its open-ended Asia infrastructure vehicle—Tribeca Asian Infrastructure Fund (TAIF)—after it received a commitment from an Asian sovereign wealth fund.

The fund manager did not disclose the amount of the commitment nor the name of the Asian sovereign wealth fund, which it described as one of world’s leading sovereign wealth funds.

However, an AFR report on Tuesday hinted that the investor could be Singapore’s GIC.

TAIF invests in energy transition, transport, digital, and healthcare infrastructure across Asia Pacific, with an equal allocation to developed and emerging markets. According to reports, the fund has an initial investment capacity of $1 billion.

In the announcement, Tribeca said TAIF invests inclusively in liquid, publicly-traded securities to provide Asia-focused investors with an alternative to the crowded markets for private assets.

“Through attractive yields and long-term capital appreciation, listed infrastructure investments can complement a direct investment strategy for major asset owners,” said Susanta Mazumdar, TAIF’s portfolio manager.

Mazumdar previously helmed Asia’s largest infrastructure fund at Invesco and launched T. Rowe Price’s Global Infrastructure Fund.

Tribeca is a boutique fund manager with a 25-year history. It has offices in Sydney, Brisbane, and Singapore and is wholly owned by its employees. The firm manages $3 billion across a suite of actively managed strategies focused on equities, natural resources, credit, and opportunistic mandates.

The expansion of TAIF follows the launch of the Tribeca Asian Credit fund in Singapore in 2019. The said fund is a partnership between Tribeca Investment Partners and Singapore-based investment advisory firm Vanda Securities.

“As we continue to grow our footprint in Asia, I am proud that our capabilities are being increasingly recognised by major asset owners across the region,” said Tribeca’s CEO Adam Lavis.

The Tribeca Asia Infrastructure Fund is open to investment from September 1 and is open-ended, per the announcement.