Ex-Carlyle Executive to Start Japan Corporate Engagement Fund
- Hiroyuki Otsuka plans to raise several hundred billion yen
- Fund will target large manufacturers that need revival advice
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Hiroyuki Otsuka, a former deputy head of Carlyle Group Inc.’s Japan business, is starting an engagement fund to support the growth of companies listed in the nation.
Otsuka is seeking to raise several hundred billion yen for the fund, mainly from domestic investors including major financial institutions, he said in an interview. (¥100 billion is $668 million.)