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Banking & Finance

Japanese fund to target up-and-coming Asian businesses

HANOI -- Tokyo-based Dream Incubator and Japanese financial services group Orix will set up a 10 billion yen ($97.6 million) fund to invest in promising Southeast Asian and Indian companies.

     The partners will each contribute 2 billion yen and raise the rest from other Japanese companies looking to do business there.

     The fund will begin investing as early as September. It will target mainly industries with growth potential, such as retail and wholesaling, food, and health care. Seven or eight companies will receive investments over a roughly four-year period. They will also get help finding business partners and gathering information and take in fund-appointed executives.

     The fund is meant to help satisfy demand for financing in countries with underdeveloped banks and bond markets. Dream Incubator and Orix launched a similar one in 2010, with support from Japan Bank for International Cooperation and others. That fund will soon invest a total of 5 billion yen in four Vietnamese companies, including medical equipment wholesaler JVC, which was able to start a local clinic after Dream Incubator introduced it to a Japanese health care company.

 

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