DAIWA SECURITIES GROUP INC.

Sony and Daiwa Securities Group Announce Establishment of Innovation Growth Fund in Support of Startup Companies

Retrieved on: 
Wednesday, July 3, 2019
Finance, Money, Economy, Primary dealers, Daiwa Securities Group, Daiwa, Investment banks, Investment fund, Sony, Daiwa Securities Capital Markets Co. Ltd.

TOKYO, July 2, 2019 /PRNewswire/ --Sony Corporation ("Sony") and Daiwa Capital Holdings Co., Ltd., a subsidiary of Daiwa Securities Group Inc. ("Daiwa Securities Group"), today announced the establishment of Innovation Growth Ventures Co., Ltd. ("IGV"), a joint venture company created for the purpose of establishing a joint investment fund.

Key Points: 
  • TOKYO, July 2, 2019 /PRNewswire/ --Sony Corporation ("Sony") and Daiwa Capital Holdings Co., Ltd., a subsidiary of Daiwa Securities Group Inc. ("Daiwa Securities Group"), today announced the establishment of Innovation Growth Ventures Co., Ltd. ("IGV"), a joint venture company created for the purpose of establishing a joint investment fund.
  • IGV will leverage the platform of Sony group and Daiwa Securities Group while supporting the Fund's portfolio companies and striving to maximize the Fund's performance.
  • "By harnessing the various resources of Sony and Daiwa Securities Group, IGV aims to support the business growth of portfolio companies and thereby increasing investment returns.
  • Sony and Daiwa Securities Group are not calling for any participation of the above-mentioned fund through this press release.