Japan Bank for International Cooperation, Mizuho partner for ASEAN SME fund

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The Japan Bank for International Cooperation (JBIC) has signed an agreement with banking group Mizuho to collaborate with its recently launched private equity vehicle, the Mizuho ASEAN PE Fund.

The collaboration with the fund will support the overseas business deployment of Japanese mid-tier enterprises and SMEs in the ASEAN region, including Japanese joint ventures.

The fund was first tabled in early 2012 when Mizuho decided to establish an ASEAN-focused private equity fund of up to $200m.

At the time Mizuho Asia Partners was established in Singapore as a wholly owned fund management subsidiary and Mizuho committed an initial $125m to the fund.

Through the agreement with JBIC, Mizuho will provide “operational support” to the portfolio companies of the fund and will promote business alliances with Japanese SMEs. The agreement also included possible financing opportunities by JBIC and Mizuho.

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