Fukoku Life approves JPY1bn commitment

The Japanese life insurance has backed a domestic healthcare fund.

Institution: Fukoku Mutual Life Insurance
Headquarters: Tokyo, Japan
AUM: JPY6.68trn
Bitesize: $5-10m

Fukoku Mutual Life Insurance has committed JPY1 billion ($9.2 million; €8.32 million) to MPI-2 Investment Limited Partnership. The fund is focused on the healthcare sector in Japan.

As illustrated below, this is the firm’s first private equity commitment with a 2019 vintage.

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