Mitsui to market US real estate & infrastructure funds in Japan

Giant trading firm Mitsui & Co is to enter a “strategic partnership” with Los Angeles-based CIM Group LLC that will see it “strongly supporting [the] marketing of CIM’s funds to the Japanese market through Japan Alternative Investment Co, a wholly-owned subsidiary, with an aim of raising several hundred billion yen of new capital from Japanese investors in the coming years”.  CIM focuses on real estate and infrastructure investment.

The arrangement will see Mitsui acquiring 20% of the US company and investing in several of its funds. Its total outlays are expected to be US$450-550 million. The full announcement is here.

The move follows Softbank’s acquisition of Fortress Investment Group of the US (see archive 15 February) and a number of reported moves by Mitsubishi Estate, the real estate arm of another giant trading conglomerate.

© 2016 Japan Pensions Industry Database/Jo McBride. Reporting on, and analysis of, the secretive business of Japanese institutional investment takes big commitments of money and time. This blog is one of the products of such commitment. It may nonetheless be reproduced or used as a source without charge so long as (but only so long as) the use is credited to www.ijapicap.com and a link provided to the original text on that site.

This blog would not exist without the help and humour of Diane Stormont, 1959-2012

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