The consumer electronic producer has partnered Daiwa Capital Holdings and the two are looking to raise up to $185m for Innovation Growth Fund, which has already reached its first close.
Japan-based consumer electronics producer Sony and Daiwa Capital Holdings, a subsidiary of brokerage Daiwa Securities, launched a joint investment vehicle yesterday that is looking to raise up to ¥20bn ($185m) for its initial fund.
The entity in question, Innovation Growth Ventures (IGV), reached the first close of its Innovation Growth Fund last month, and has raised an undisclosed amount from limited partners including Mitsubishi UFJ Lease & Finance Company, a leasing subsidiary of financial services group Mitsubishi UFJ Financial.
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