TOKYO, Mar 27 (Pulse News Wire) – THE Shiga Bank,ltd. (8366.T) announced today that its newly established fund, “Shiga-gin Succession Fund Investment Limited Partnership,” has become a significant subsidiary due to additional capital investment.
The fund was originally set up in January 2025 by Shiga-gin Capital Partners Co., Ltd., a wholly-owned subsidiary of Shiga Bank. With the recent expansion of its investment activities, the bank decided to increase its funding. As a result, the total investment amount now exceeds 10% of the bank's capital, qualifying the fund as a significant subsidiary.
Key details of the fund include: - Name: Shiga-gin Succession Fund Investment Limited Partnership - Location: Shiga, Ootsu Shi Hamachou 1-38 - Main focus: Investing in companies facing succession issues through equity investments and management support - Formation date: January 10, 2025 - Total investment amount: ¥5 billion (post-additional investment) - Investor and investment ratio: - Shiga Bank: 99.5% - Shiga-gin Capital Partners Co., Ltd.: 0.5% The transition is scheduled to take effect on April 30, 2026. According to the bank, this move will not impact its consolidated performance forecasts. Shiga Bank’s representative director, Masaya Kubota, stated that the fund plays a crucial role in supporting local businesses and ensuring their sustainable growth.
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