Kizuna Capital Partners Co. is planning to make its first investment from its $120 million private equity fund, Bloomberg reports. The Mitsubishi Corp.-backed firm is targeting Japanese companies in the alternative energy and healthcare industries for the same.
The MC Creat Investment fund was set up in August by Mitsubishi and Beijing-based Creat Group Co. to invest in Japanese and Chinese firms trying to expand their businesses in the two countries. The fund is looking for an internal rate of return of approximately 20 percent.
Click here for the story from Bloomberg.