Mizuho To Launch Y10bn Small-Business Fund

Mizuho Bank will start a fund to invest in small and midsize companies, with about 10 billion yen in capital, according to Nikkei. The fund will invest about 1 billion yen at a time, buying preferred stock, subordinated loans and other assets. The Mizuho Financial Group Inc. subsidiary will put up 3 billion yen for the fund and raise the rest from life insurers, trading companies and other investors.