Japan’s Government Pension Investment Fund has made its first direct investment in a Japan-focused private equity fund, committing JPY20bn ($123m) to a vehicle managed by Advantage Partners, according to a report by Bloomberg.
The move comes as pressure grows for the country’s largest institutional investor to allocate more capital to domestic assets.
The 10-year fund is focused on investments in Japan, according to data published by GPIF. A spokesperson for the pension fund confirmed that the c...
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