Tokio Marine Asset Management Co. and Governance for Owners of the U.K. aim to start a 5 billion yen ($61 million) fund to invest in Japanese companies.
The TMAM-GO Japan Engagement Fund will begin operating between April and June with capital from domestic and overseas investors, said Kenji Iwamoto, general manager at Tokio Marine’s corporate strategy division, in a telephone interview today. The fund will have maximum capacity of 100 billion yen and invest in 10 to 30 mid-sized Japanese companies for three to four years with an active role in management, the firms said in a joint statement.
Noboru Akahane, a managing director at Tokio Marine, will lead the fund’s management team, according to the statement. Tokio Marine Asset is Japan’s fourth-largest pension asset manager, it said in the statement.