Aureos, Mitsui Sumitomo Insurance VC in SME-focused partnership
SME-focused private equity fund Aureos Capital and Mitsui Sumitomo Insurance Venture Capital (MSIVC), the VC arm of Japan’s largest insurance company, have teamed to launch a program to allow the portfolio companies of each firm, in South East Asia and Japan, to gain exposure in each other’s markets.
According to the companies, the deal aims to bolster the strength of small- and medium-sized enterprises across Asia. Specifically, Aureos, which focuses its investment in emerging markets, will connect its companies and network in Southeast Asia with those of MSIVC’s in Japan. “With both companies sharing a focus on investing in small and medium sized businesses, this partnership will allow entrepreneurs across Japan and South-East Asia to access both the capital and expertise needed to support the growth of their businesses,” said Sev Vettivetpillai, CEO of Aureos Advisers.
Tadatoshi Komuro, President of MSIVC, added that, in light of the changing economic landscape, a partnership of this sort will enhance Asia’s regionwide strength and influence.
Aureos claims more than $1.2 billion of funds under management in over 50 emerging markets in Asia, Africa and Latin America across 16 regional funds. MSIVC, meanwhile, claims $255 million under management, investing in companies across industries in both Japan and North America.
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