Fukuoka Capital Partners, Kyushu’s largest investment fund management company, and Tokyo-based Japan Private Equity have jointly launched a three-billion-yen fund for supporting the continued operation of small and medium-sized businesses in the Kyushu-Yamaguchi Prefecture region. Four regional banks and shinkin banks also have a financial stake in the fund, which will have a term of eight years. According to the fund managers, about 40% of the companies in the region have top management that is 60 years of age or older. The fund hopes to help find people to take over the operation of those smaller companies with distinctive products and services that might otherwise go out of business.
- Local News
- New Fund Launched to Keep Companies Afloat