December 22, 2010

Sumitomo Group To Set Up The PE Firm

Sumitomo Mitsui Banking Corporation, Sumitomo Corporation and The Sumitomo Trust & Banking Co., Ltd announced that they had, either directly or through a subsidiary, made a joint contribution to private equity investment management company "Rising Japan Equity Inc." Rising Japan Equity will manage a 30 billion yen fund to carry out buy-out investments.

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