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Japanese financial services firm Orix 8591.T is teaming up with the Qatari sovereign wealth fund to launch a $2.5bn Japan-focused private-equity fund, Orix said in a release on Tuesday.
Orix will hold a 60 per cent stake and the Qatar Investment Authority a 40 per cent stake in the new fund management firm, which will invest in Japanese companies with a particular focus on firms in the midst of succession changes, listed companies undergoing privatisation and companies carrying out carve-outs of divisions or subsidiaries, Orix said.
Each investment will be of at least 30 billion yen, the release said.
Earlier on Tuesday, the Nikkei business daily reported that the fund’s total size may exceed 1 trillion yen ($6.63bn).
