Former Carlyle exec's new Japan fund puts engagement over activism

Japan Activation Capital seeks up to $3bn for large-cap investments

20240528N Japan Activation Capital

Japan Activation Capital is launching a series of Japan-focused engagement funds this year. (Source photos by Nikkei) 

SHIKO UEDA, Nikkei staff writer

TOKYO -- An investment firm started by a former Carlyle Group executive aims to help large Japanese companies add value through dialogue with a new fund backed by leading financial institutions.

Armed with 130 billion yen ($827 million) raised from such investors as top Japanese banks and insurers, Japan Activation Capital's first fund will start deploying its capital as soon as this summer.

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