Misaki Eyes New Fund as Assets Soar on Endowment Demand
- Assets under management rose to $300 million from $40 million
- Misaki's fund seeks to engage with companies to boost profits
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Misaki Capital Inc., a Japanese activist firm that uses friendly means to help companies increase profits, may set up a new fund after a surge in demand from overseas investors boosted assets under management by more than sevenfold in the past year.
The Tokyo-based firm, which manages $300 million, is considering setting up a co-investment pool that will be open to investors in its current fund, the Misaki Engagement Fund, according to co-founder Masaki Gotoh. The co-investment fund will enable Misaki to add to stakes in companies and provide additional financing to them when needed.