Former Nomura, GPIF Heavyweights Launch Fund for Tech Startups
- Raised 3.3 billion yen from investors including Temasek
- Japan’s long-neglected ventures are attracting more capital
This article is for subscribers only.
Former heavyweights of Nomura Holdings Inc. and Japan’s behemoth pension fund have launched a fund betting on tech startups, supported by growing global interest in the nation’s venture companies.
The fund started in December by Takumi Shibata and Tokihiko Shimizu has raised 3.3 billion yen ($29 million) so far, with about a quarter of that money coming from a private equity arm of Singapore’s Temasek Holdings Pte, they said in an interview. The two aim to expand assets to 10 billion yen over the coming year, partly by attracting more overseas money.