Japan’s Mitsui injects $500m in US real assets firm CIM Group

Photo by Mitsui

Japanese investment firm Mitsui & Co Ltd has injected up to $500 million in US-based real assets company CIM Group LLC in a strategic partnership in real estate and infrastructure investments across North America.

CIM will use 20 per cent of the investment proceeds to fund its continued growth.

“Mitsui will also commit capital to multiple CIM funds,” CIM said in its statement, noting total investment will be $450 to $550 million with adjustments based on terms of the agreement.

Also Read: Japanese fintech startup Folio raises $16m Series A from Jafco, Mitsui

Founders and principals of CIM will continue to oversee and control the company.

The US real estate asset management market is reportedly the largest globally.

“Our investment in CIM was the culmination of a systematic search for a best-in-class manager in the real-asset management business. Investing in CIM is consistent with our strategic plan to expand Mitsui’s real-asset management business to the US and to enhance Mitsui’s global assets under management,” said Mitsui president and CEO Tatsuo Yasunaga.

CIM Group co-founder and principal Avi Shemesh said they aim to be the first choice for Japanese investors interested in real estate and infrastructure investments in North America.

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“This partnership will allow CIM to better meet the growing needs of our investors,” Shemesh said.

Mitsui has a proven track record in listing and managing public Japanese REITs, private fund management, and partnering with investment managers.

Mitsui continues to be a leading advisor to Japanese institutional investors working through its wholly-owned subsidiary the Japan Alternative Investment Co Ltd.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.