Private Equity Funds Research and Investments Commences Operations
Tokyo, February 18, 2008 – Private Equity Funds Research and Investments Co., Ltd., a joint venture between Nomura Holdings, Inc., The Norinchukin Bank, and the Development Bank of Japan, today announced that it has commenced operations. The firm will focus on evaluating and analyzing private equity funds and offer investment advisory and discretionary investment management services in fund of private equity funds on a global basis.
"Private equity funds are increasingly seen as an attractive investment to boost portfolio efficiency through diversification due to their low correlation with traditional assets such as listed equities and bonds," said Junichi Ebata, President of Private Equity Funds Research and Investments.
"Although investment in private equity funds is still limited in Japan compared to other major markets, interest from institutional investors is growing. The extensive technical skills, global sourcing, and significant synergies achievable by combining the expertise of Nomura Holdings, The Norinchukin Bank, and the Development Bank of Japan will allow us to deliver top-tier private equity fund investment opportunities and expand the private equity market in Japan."
The firm is capitalized at 2 billion yen. Nomura holds a 65 percent stake, The Norinchukin Bank 30 percent, and the Development Bank of Japan 5 percent.
