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Mitsubishi invests $39m for a 19.5 per cent stake in Aladdin Capital07/07/2008. Source: AltAssets. 
 Stamford, Connecticut-headquartered alternative investment management firm Aladdin Capital Holdings has entered into a strategic partnership with Japanese corporation Mitsubishi Corporation. Mitsubishi will become the second largest shareholder of Aladdin by investing $39m for a 19.5 per cent stake in the firm.
In addition, Mitsubishi will also commit $300m to be used as seed capital for investment products managed by Aladdin.
The two companies have worked closely together over the past several years, with Mitsubishi investing in a number of Aladdin's investment vehicles.
Amin Aladin, president and CEO, Aladdin, said, 'We have always had the greatest respect for Mitsubishi and are very excited about this development. We view this commitment from Mitsubishi as a powerful vote of confidence in Aladdin's ability to manage investments in a challenging market environment and look forward to a long and mutually beneficial relationship.'
Hideshi Takeuchi, executive vice president, Mitsubishi, added, 'We have known Aladdin for many years. They are a preeminent bank loan manager and one of the top performing credit managers in the market. We are excited about our partnership with Aladdin because we feel it will provide us with an ideal platform to capitalise on the numerous opportunities created by recent dislocations in the market.'
Aladdin Capital Holdings focuses on non-traditional fixed income-based strategies, with a dominant position in the CDO sector.
Aladdin's product range includes credit-focused hedge funds, CDOs and separate accounts, totalling $17.5bn in assets under management.
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