ARTICLE | Finance
Daiwa dives in
How Daiwa plans to invest first biotech fund in Japan, Taiwan
February 23, 2015 8:00 AM UTC
The Daiwa Corporate Investment Co. Ltd. private equity arm of Daiwa Securities Group has for years made one-off investments in biotechs from its general funds. But the group decided a favorable investment climate for biotechs in Japan and Taiwan - including new government incentives for life science companies - marked an opportune time to raise its first biotech-specific fund.
Daiwa Taiwan-Japan Biotech Fund Investment L.P. closed with an initial ¥9.3 billion ($78.1 million) in January and will make its first investment this year...