TOKYO -- U.S. investment manager Neuberger Berman will create a fund that advocates for governance and sustainability reforms at small and midsized Japanese companies.
Neuberger chiefly will seek enterprises valued at less than 500 billion yen ($4.57 billion). The fund will select 20 to 30 targets pending bottom-up due diligence. The new investment vehicle aims to draw capital from global pension funds.
