Mitsubishi Corp launches ASEAN private equity fund

Mitsubishi Corp and the CIMB Group, together with the Development Bank of Japan (DBJ) have launched a Southeast Asia-focused middle market private equity fund, AIGF (ASEAN Industrial Growth Fund), headquartered in Singapore.

AIGF is joined by Shinsei Bank, a leading diversified Japanese financial institution, as strategic investor, and leading Japanese industrial companies and prominent institutional investors including Hitachi Ltd, Yamato Kogyo Co and Toho Bank. The fund is aiming to reach approximately $200 million over the next 12 months.

AIGF is a unique private equity platform that seeks to provide growth capital to the middle market, where many well established companies have needs for growth capital, particularly across the ASEAN region where promising economic growth potential is being buoyed by dynamic population increase. Mainly focusing on Indonesia, Malaysia, Singapore and Vietnam, the Fund intends to realize the intrinsic value of portfolio companies and maximize returns by leveraging Mitsubishi Corporation's vast business ecosystems and management know-how, CIMB's broad customer base and financial expertise as well as DBJ's private equity experience in the ASEAN region.

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