Japan Post Bank and Insurance form a new PE investment unit

The Japanese giant aims to further grow its revenue through the new joint new investment platform.

Japan Post Bank and Japan Post Insurance have announced the creation of a joint private equity investment unit called Japan Post Investment Corporation.

The new investment arm, scheduled to be officially established in February 2018, will form new funds to make buyout investments and provide growth equity to businesses in Japan.

Japan Post Bank and Japan Post Insurance own 50 percent and 25 percent of the voting rights in the new entity respectively, and employees of the new company will own the remainder.