The agreement will help Aureos' portfolio companies in south-east Asia and MSIVC's investee companies in Japan gain exposure to each other's markets.

Aureos Capital, a private equity in emerging markets controversially spun out from its public owners, and Mitsui Sumitomo Insurance Venture Capital (MSIVC), the corporate venturing unit of Japan’s largest insurance company, will partner to target small and medium sized businesses across Asia.

The agreement will help Aureos’ portfolio companies in south-east Asia and MSIVC’s investee companies in Japan gain exposure to each other’s markets.

Tadatoshi Komuro, president of the $255m MSIVC, said: "Asia has enormous potential and resilience. The region’s…