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FUNDRAISING NEWS | December 02, 2024
Neuberger Berman will launch a new fund in Japan in December that will be at least 50% invested in unlisted Japanese stocks, the Nikkei Asia reported December 1, citing the US asset manager.
The fund will reportedly target late-stage startups with plans to go public in less than two years and will seek investments in three to five such companies. The asset manager will offer the fund, which is targeting a five-year balance of 10 billion yen (~$66.7M), to megabanks and other financial institutions.
Written By: Dakota
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