Tokio Marine To Set Up A Mezzanine Fund

On Dec 3rd, Tokio Marine & Nichido Fire Insurance announced that it will establish a new subsidiary,  Tokio Marine Mezzanine Corp. which will manage a JPY 30 billion (target) mezzanine fund.
Tokio Marine will commit  JPY 10 billion from its balance sheet.

Tokio Marine has arranged 20 mezzanine financing deals since the 1990s, one of which involved Japanese sushi restaurant operator Akindo Sushiro.