Aflac Global Investments Announces $2.1 Billion Strategic Partnership with Denham Capital to Accelerate Denham Sustainable Infrastructures Platform.

• Date: 16 August 2021
• Published date: 16 August 2021

* Aflac Global Investments, the asset management subsidiary of Aflac Incorporated, announced a new partnership with Denham Capital--a global sustainable infrastructure, energy and resources investment firm--to expand the Denham Sustainable Infrastructure business. Aflac Global Investments has made a $2 billion commitment to Denham Sustainable Infrastructure to launch a new debt platform, which will invest primarily in the senior debt of sustainable infrastructure projects. Aflac has also committed $100 million toward Denham's second dedicated equity fund to support the acquisition, enhancement and development of sustainable infrastructure assets. Aflac Global Investments will hold a non-controlling 24.9% minority equity interest in Denham Sustainable Infrastructure.

The transaction with Denham Capital is part of Aflac's long-term growth strategy to identify unique investment opportunities that meet the objectives of Aflac's general account while taking tailored strategic equity stakes in asset managers to generate value for stakeholders. The agreement positions Denham Sustainable Infrastructure to become a leader in bringing...