Daiwa Securities SMBC Principal Investment Co. Ltd and Quantum Leaps Corporation headed by ex-Sony chairman Nobuyuki Idei, announced that they have agreed to establish a joint venture, Daiwa Quantum Capital Limited ("DQCL"). DQCL will manage Daiwa Quantum Capital Partners I ("DQCP I"), an Asia-Japan focused private equity fund to be launched in April.
30% of the fund will be invested in Japan, while the remaining 70% will be allocated to non-Japan Asia including China and India. DQCP I will seek investments from both domestic and overseas institutional investors. Daiwa SMBC PI will commit to approximately 30% of the total fund.
According to the SMBC PI's news release, DQCP I "will invest in technology oriented companies with high growth potential and support their growth by providing risk capital. It will act as a bridge between Asia and Japan, with an investment focus on providing support for Asian companies to grow by acquiring technologies and management skills from Japan and also for Japanese companies to expand their business in Asia."
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