The Rohatyn Group Acquires J.P. Morgan Asian Infrastructure Platform

NEW YORK–(BUSINESS WIRE)–The Rohatyn Group (ÔÇ£TRGÔÇØ), a specialized asset management firm focused
on emerging markets, and J.P. Morgan Asset Management today announced
that TRG has acquired the J.P. Morgan Asian Infrastructure & Related
Resources Opportunity (ÔÇ£AIRROÔÇØ) platform. In addition to acquiring the
rights to manage the AIRRO funds, the India-based AIRRO investment team
will join TRGÔÇÖs India private markets team as part of the transaction.
Rajeev Kalra, TRG Managing Director and Head of India, will lead the
combined group from offices in Mumbai and New Delhi.

Nicolas Rohatyn, Chief Executive Officer and Chief Investment Officer of
TRG, said, ÔÇ£We are thrilled to welcome AIRRO investors to our firm and
further our mission of providing LPs with thoughtful solutions to
achieve their investment goals in emerging markets. As with other
platform acquisitions that TRG has previously undertaken, our highest
priority will be to maximize the AIRRO portfolioÔÇÖs value with an eye
towards successful realization of its investments.ÔÇØ

ÔÇ£We are pleased that The Rohatyn Group is the new home of the AIRRO
platform and team,ÔÇØ said Anton Pil, Managing Partner, J.P. Morgan Global
Alternatives. ÔÇ£TRGÔÇÖs pedigree, infrastructure and emerging markets
experience, and acquisition, integration and realization track record
will provide stability and continuity for the AIRRO investors.ÔÇØ

The AIRRO funds currently hold approximately $750 million in Indian
assets across investments spanning the toll road, thermal power,
renewable energy, and social infrastructure sub-sectors. The addition of
AIRROÔÇÖs portfolio of Indian infrastructure assets is a strong strategic
fit with TRGÔÇÖs focus on structural and special opportunities in emerging
markets. TRG has multifaceted experience in infrastructure and renewable
energy, including CapAsia, TRGÔÇÖs Southeast Asian infrastructure
subsidiary, which is in the process of being fully integrated into the
firm.

Mr. Kalra commented, ÔÇ£Since establishing its private markets presence in
India in December 2013 with the acquisition of Citi Venture Capital
International (ÔÇ£CVCIÔÇØ), TRG has executed a number of value accretive
initiatives in its investments to achieve seven successful exits in its
India portfolio, despite complex circumstances in a number of cases. We
are well positioned to apply our skills and knowledge base to the AIRRO
portfolio and other future initiatives.ÔÇØ

Mr. Rohatyn added, ÔÇ£TRG is excited to supplement our current investment
capabilities in both India and infrastructure more broadly. We see a
pressing need for increased and improved infrastructure across emerging
markets to perpetuate the strong growth and dynamism of these economies.
The firm has a deep pool of investment professionals with decades of
experience investing in the sectors and markets where AIRRO operates,
and are excited to bolster these resources with the experience of the
AIRRO team to achieve successful outcomes for our investors.ÔÇØ

About TRG
Founded in 2002, The Rohatyn Group is an emerging
markets asset management firm headquartered in New York, with offices
around the globe including Boston, Singapore, Seoul, Rotorua, London,
Buenos Aires, Lima, Montevideo, Mexico City, São Paulo, Mumbai and New
Delhi. For more information, please visit www.rohatyngroup.com.

About J.P. Morgan Global Alternatives
J.P. Morgan Global
Alternatives is the alternative investment arm of J.P. Morgan Asset
Management. With more than $130 billion in assets under management and
over 800 professionals (as of March 31, 2018), we offer strategies
across the alternative investment spectrum including real estate,
private equity and credit, infrastructure, transportation, liquid
alternatives, and hedge funds. Operating from 23 offices throughout the
Americas, Europe and Asia Pacific, our independent alternative
investment engines combine specialist knowledge and singular focus with
the global reach, vast resources and powerful infrastructure of J.P.
Morgan to help meet each clientÔÇÖs specific objectives. For more
information: www.jpmorganassetmanagement.com.

Contacts

The Rohatyn Group:
Sard
Verbinnen & Co
Chris Kittredge/Julie Rudnick, 212-687-8080
or
J.P.
Morgan Asset Management:
Kristen Chambers, 212-622-4111