Dai-ichi Life and Samurai Capital have formed a JPY50 billion ($440 million) ESG fund to invest in assets with social significance.
As part of the deal, the companies will establish a structured company, with Dai-ichi Life serving as the equity investor and Samurai Capital taking responsibility for deal sourcing and asset management of the fund investments.
The fund will seek to acquire about 30 assets in the next three years. The investment targets will be ESG-focused, integrating LED bulbs, solar panels and renewable electricity, and include child daycare centers and student housing. The fund has already acquired five such assets.
