Hiroyuki Otsuka, a former deputy head of Carlyle Group Inc.’s Japan business, is starting an engagement fund to support the growth of companies listed in the nation.
Otsuka is seeking to raise several hundred billion yen for the fund, mainly from domestic investors including major financial institutions, he said in an interview. (¥100 billion is $668 million.)
The fund plans to begin operations in the first half of next year at the earliest, investing small amounts in large, underperforming manufacturers that need advice on how to revive growth. The investment period will be three to four years, he said.
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