Hong Kong-based asset management firm MCP Group, headquartered in Fukuoka City, officially announced on the 20th the launch of a fund focused on investing in startups in Kyushu and Okinawa. The fund is named “Kyushu-based Japan Evolution Fund”. Major regional banks such as Fukuoka Bank, Nishi Nippon City Bank, and Higo Bank, as well as Nishitetsu Railway and Sumitomo Mitsui Trust Bank, are investing in the fund. Starting with a scale of 2 billion yen, including MCP’s own funds, the fund aims to reach a scale of 5 billion yen, including funds from foreign investors. Source: MCP Asset Management / Nikkei
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