AI Capital to Raise First Asia Secondary Fund

Alternative Investment Capital Co. announced that it will raise USD 150 million for its first secondary fund that would focus "exclusively on investment opportunities in the fast-growing Asian region, including China, India, Southeast Asia and Australia." According to the release, the Development Bank of Japan "has made a significant commitment to the Fund as its largest investor." Other investors include Mitsubishi Corporation and Sumitomo Mitsui Banking Corporation. Alternative Investment Capita's majority stake is owned by Mitsubishi Corporation.