ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Aug 26, 2022 13:24 JST
Source:
Mitsubishi Corporation
Mitsubishi Corporation Announces the Closing of AIGF II Small and Mid-cap Growth Fund in ASEAN
TOKYO, Aug 26, 2022 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce the final closing of AIGF II LP (AIGF II) with total capital commitments of 17.3 billion yen from institutional investors both in and outside Japan. AIGF II is the second fund established by MC's wholly owned subsidiary AIGF Advisors Pte. Ltd. (AIGF), a private-equity (PE) firm based in Singapore that manages investment funds in the ASEAN region.
Launched in 2014 to accelerate growth at small and mid-cap enterprises in ASEAN and boost their industrial competitiveness, AIGF invests in the businesses and extends them management support. Through its first fund, AIGF I, the firm invested in Jaya Grocer (a company that runs premium supermarket chain in Malaysia), RDCL (the operator of Thailand's Kentucky Fried Chicken stores), and KMC (the largest flexible workspace provider in the Philippines). AIGF has steadily built up a strong track record in creating new value and growth at its portfolio companies, as evidenced by its success with Jaya Grocer, which was sold back to the original owner in 2021 after enjoying a significant expansion in its network of stores.
Leveraging know-how gained through its first fund, AIGF has already begun investing through AIGF II in a variety of sectors. So far, the AIGF II portfolio includes BHS Kinetic, an integrated specialized logistics and installation services provider in Singapore, and Meatworld International, a leading meat retailer and distributor in the Philippines.
Although the ASEAN region is expected to enjoy stable economic and population growth in the coming years, when compared to Japan its market for direct investments is limited and underdeveloped. PE funds like those managed by AIGF are gaining a greater presence as providers of growth capital to promising businesses.
MC has been developing PE businesses both in Japan and around the world that distinguish themselves by taking advantage of the MC Group's collective capabilities. As MC's core PE platform in ASEAN, AIGF shall continue to do its part in strengthening both the region's industry and business community by investing in the growth of promising enterprises and leveraging MC's broad network and industry expertise.
Source: Mitsubishi Corporation
Sectors: Daily Finance, Engineering
Copyright ©2025 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Latest Release
Mitsubishi Motors to Launch an All-New BEV Based on Nissan's Next-Generation LEAF in North America in the Second Half of 2026
May 08, 2025 11:25 JST
Mitsubishi Motors and Foxtron Sign MOU for OEM Supply of EV
May 08, 2025 11:08 JST
Everest Medicines Announces NMPA Full Approval of NEFECON, Broadening Treatment Access for IgA Nephropathy Patients in China
May 07, 2025 19:06 JST
Anime Tokyo Station: Mobile Suit Gundam GQuuuuuuX -Beginning- Special Exhibition
May 03, 2025 03:00 JST
TOYOTA GAZOO Racing Set for Spa spectacle
May 02, 2025 19:29 JST
FWD Group reports exceptionally strong first quarter new business update
May 02, 2025 17:00 JST
Toyota Mobility Foundation, Bangkok Metropolitan Administration, UN-Habitat, Asian Institute of Technology and Toyota Motor Thailand Sign a Letter of Intent (LOI) to Launch the TRUST Project for Road Safety in Thailand
May 01, 2025 17:48 JST
Katalon Officially Launches TrueTest(TM) - The First AI-Native Testing System That Thinks Like a Tester and Learns from Users
Apr 30, 2025 17:20 JST
Eisai Representative Corporate Officer and CEO Haruo Naito Awarded the Order of the Rising Sun, Gold and Silver Star
Apr 30, 2025 14:17 JST
Mitsubishi Shipbuilding Holds Christening and Launch Ceremony of Large Car Ferry KEYAKI in Shimonoseki
Apr 29, 2025 17:24 JST
NEC DGDF Headquarters relocates to Zurich to accelerate growth and enhance management globally
Apr 28, 2025 16:03 JST
NEC achieves Japan's longest terrestrial wireless optical communication over 10 km
Apr 25, 2025 17:50 JST
Olympus Appoints New CEO
Apr 25, 2025 15:30 JST
DENSO Announces Year-End Financial Results
Apr 25, 2025 12:17 JST
DENSO and DELPHY Sign Memorandum of Understanding to Develop Data-Driven Smart Horticulture
Apr 24, 2025 18:43 JST
MyJCB App Wins "iF DESIGN AWARD 2025"
Apr 24, 2025 17:00 JST
Fujitsu launches new company 1FINITY to strengthen network products business
Apr 24, 2025 16:24 JST
MHIEC Completes Renovation of Core Facilities for Arita Municipal Recycle Plaza in Saga Prefecture
Apr 24, 2025 15:01 JST
NEC invests in U.S.-based "Geodesic Alliance Fund" aiming to strengthen economic security business
Apr 24, 2025 10:23 JST
MHI Thermal Systems Wins German Red Dot Design Award 2025
Apr 24, 2025 10:11 JST
More Latest Release >>
Related Release
Mitsubishi Corporation makes DennoKotsu an equity-method affiliate company, strengthening efforts to address regional transportation challenges
4/11/2025 10:39:00 AM JST
Mitsubishi Corporation to Participate in Demonstration Project for New Hydrogen-Based Ironmaking
4/9/2025 6:22:00 PM JST
Mitsubishi Corporation Announces Corporate Strategy 2027
4/4/2025 9:04:00 AM JST
Mitsubishi Corporation: Development of R&D Hub "iPark Kobe" in Kobe Medical Industry City
4/1/2025 2:16:00 PM JST
Mitsubishi Corporation, ADM Sign Non-Binding MOU, Form Strategic Alliance
3/28/2025 4:29:00 PM JST
Start of Joint Study on Integrated Power and Data Center Business in Ohgishima area in Keihin District
3/26/2025 2:31:00 PM JST
Hokkaido Electric Power Corporation and Mitsubishi Corporation Establish a Joint Venture "Hokkaido Renewable Energy Aggregation Co., Ltd."
3/13/2025 1:26:00 PM JST
Mitsubishi and ENEOS to conduct Front End Engineering Design for Sustainable Aviation Fuel (SAF) Production at the Wakayama Refinery
2/24/2025 12:30:00 PM JST
Mitsubishi Logistics Corporation, Mitsubishi Corporation, and Yourstand Inc. Advancing Completely CO2-Free Electrification of Pharmaceutical Transportation
2/21/2025 3:01:00 PM JST
Launch of Joint Demonstration Experiment of Remote Provision of GPU Computing Power
2/17/2025 2:10:00 PM JST
More Press release >>