Japan Asset Management News

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• December 2022: BlackRock announced it intends to bring two more private equity-focused ELTIFs to market in 2023. The decision was made after ELTIFS' fundraising of USD 1 billion.
• March 2022: Natixis CIB announced through the Banque Populaire and Caisse d'Epargne retail networks of is using nCino's Automated Spreading, which was powered by nCino's artificial intelligence (AI) application suite, nCino IQ (nIQ), as part of the cloud-based nCino Bank Operating System, to speed up its credit journeys Natixis CIB would likely also leverage nCino's Corporate Banking Solution to automate repeated operations and minimize manual processes, allowing for seamless collaboration across deal teams and speedier credit decisions, all while maintaining regulatory compliance and procedures.

• March 2022: Allianz Real Estate, one of the world's real estate investment managers, agreed to acquire a portfolio of prime multi-family residential assets in Tokyo for approximately USD 90 million on behalf of the Allianz Real Estate Asia-Pacific Japan Multi-Family Fund.
• March 2022: KKR & Co said it is buying Japanese real estate asset manager Mitsubishi Corp-UBS Realty Inc (MC-UBSR) for JPY 230 billion (USD 1.94 billion), deepening the US private equity firm's presence in Japan. KKR will buy MC-UBSR from Mitsubishi Corp 8058.T and UBS Asset Management.

• January 2023: Amundi Asset Management Lists New ETF in Germany for Investments in Small Cap US Companies.
• January 2023: The value of German government bonds on loan increased to EUR 111.1 billion (USD 121 billion) in 2023, the highest level since December 2015. Investors amassed the biggest bet against German government bonds since 2015, as the country issues large amounts of debt and the European Central Bank (ECB) talks tough on inflation.

• May 2023: Saudi-based Riyad Capital has launched the Riyad Real Estate Development fund - Durrat Hitteen, in partnership with property developer Al Ramz Real Estate Company. The fund, with a value exceeding SAR0.5 billion (USD 133.3 million), aims to develop a mixed-use project in the Hitteen district in Riyadh with a total area of 27,119 square meters.
• January 2022: Saudi National Bank (SNB) announced the completion of the merger between NCB and Samba Financial Group, making it the largest and fastest merger in the history of the region. The merger included five key areas consisting of migrating personal and corporate customer accounts, migrating treasury, NCB Capital, and Samba Capital customers, in addition to migrating other administrative sectors and the merger of both banks' branches.

• February 2022: The Ministry of Municipal and Rural Affairs and Housing honored the Saudi National Bank for its efforts in serving the housing sector within the donor community after the bank announced the completion of the delivery of its community housing initiative, which resulted in the provision of 500 housing units to the beneficiaries of the housing development program from 2017 to 2021, including 361 fully-furnished housing units and 139 housing units, supported by purchasing cards.
• January 2022: Saudi National Bank announced the completion of the merger between Samba Financial Group and NCB, which is the fastest and largest merger in the history of Saudi Arabia. The merger resulted in the establishment of the largest banking entity in Saudi Arabia with assets of more than USD 239.7 billion.

• October 2023: Merkur, a casino games developer and subsidiary of The Gauselmann Group, entered into an agreement with Gaming Arts. The collaboration will likely focus on the development and supply of casino games for casinos across North America.
• August 2023: Golden Nugget Online Gaming has launched its online and mobile casino in Pennsylvania. The Golden Nugget Online Gaming casino app, powered by DraftKings technology, includes more than 500 slots and classic table games.

• August 2022: United States Bancorp launched its innovative real-time payment system, RTP Network solution, through which it can provide loan funds to auto dealers after the finalization of a loan contract by the bank. United States Bancorp has its businesses spread over Consumer and Business Banking, Payment Services, Corporate and Commercial Banking, and Wealth Management and Investment Services.
• January 2023: AutoFi Inc., which exists as a digital commerce technology provider in sales and finance for the automotive industry in the United States, partnered with Santander Consumer USA Inc., which is a consumer finance company focused on vehicle finance. The partnership will likely bring to market digital products to improve consumers' and dealers' interaction with the lender and simplify the car buying experience.

• September 2023: Flutter made the acquisition of an initial 51% stake in MaxBet, Serbia's omni-channel sports betting and gaming operator, for a cash consideration of euros 141 million. MaxBet will likely provide Flutter with the platform to access fast-growing markets via a podium brand.
• July 2023: The mixed-martial arts company Ultimate Fighting Championship (UFC) has made a sponsorship agreement with Bet 365, the online sports betting company. For the third year in a row, the brand will serve as UFC's official sportsbook partner in the United Kingdom, Ireland, Bulgaria, Denmark, Germany, Greece, Italy, the Netherlands, Spain, and Sweden. The extended collaboration includes enhancements to improve the betting experience.

• May 2023: Sojitz Corporation, existing as a pre-owned car dealer, acquired Albert Automotive Holdings Pty Ltd, which operates a wholesale and retail used car business as part of Dutton Group for expanding its business in domestic as well as international markets.
• June 2023: Japanese banking group MUFG and its subsidiary acquired a majority stake in Mandala Multifinance (MFIN), which exists as a financing company specializing in auto loans. With this acquisition, the companies had planned to expand their products and geography to reinforce and expand the auto loan business in the country.

• July 2022: The China Ministry of Commerce rolled out incentives consisting of easy credit extended to car buyers for raising sales of the NEV sector, which comprised pure electric, plug-in hybrid, and hydrogen fuel-cell cars. This policy raised sales opportunities for major electric-car makers BYD, Xpeng, Li Auto, and Nio Stand in China.
• June 2023: The Chinese authorities, with recovery from the COVID-19 pandemic, launched a nationwide campaign to promote automobile purchases and raise demand in its auto market. The initiative includes encouraging financial institutions to introduce measures for boosting lending for auto purchases and rolling out policies and measures in favor of car consumption.