Japan's Dai-ichi Life to buy private debt fund to broaden portfolio

Insurer bets on Tokyo-based Topaz Capital, seeking higher returns

20231023 Dai-ichi Life logo file photo

Dai-ichi Life will buy private debt manager Topaz Capital in a deal worth worth several billion yen. (Photo by Tetsuya Kitayama)

Nikkei staff writers

TOKYO -- Japan's Dai-ichi Life Holdings will acquire Topaz Capital, a Tokyo-based fund that takes capital from investors and lends to small businesses, Nikkei has learned.

The move comes as Prime Minister Fumio Kishida's government looks to make Japan an "asset management powerhouse," pushing institutional investors to improve their performance.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.