Bloomberg.com, 3 Oct 2008, Tomoko Yamazaki
Oct. 3 (Bloomberg) -- SBI Holdings Inc., the Japanese venture capital firm that runs off-hours equities trading, will set up a fund with a unit of Singapore's state investment arm Temasek Holdings Pte to buy into Asian financial companies.
SBI and Temasek's Fullerton Fund Management Co. will each provide half of an initial $60 million commitment, according to a press release posted on Tokyo-based SBI's Web site. The fund will invest in non-Japanese financial institutions in Asia it deems ``fundamentally undervalued'' because of the global credit crisis, the statement said.
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Related News:
SBI Holdings, Inc. and Fullerton Fund Management Company Ltd Collaborate to Launch a New Fund - businesswire.com, 2 Oct 08
SBI Launches Investment Fund with Singapore SWF - Japan Corporate News, 3 Oct 08
