SBI and Jefferies Collaborate To Launch Funds

SBI Holding Inc., a Tokyo-based financial conglomerate, announced that SBI and Jefferies Group Inc. reached a final agreement to jointly establish the 2 funds. The fund, " Jefferies-SBI USA Fund" will target promising private companies in the US. Its initial commitment will be US 150 million, with SBI and Jefferies each contributing half. The other one, " SBI-Jefferies Asia Fund", focuses on attractive companies in Asia, regardless of whether there are listed or not. The initial commitment will be US 50 million (80% by SBI and 20% by Jefferies).