Maples wins Indo-Japan confidence
July 2, 2019

The Maples Group, a service provider offering clients a range of legal, fiduciary, fund, regulatory and compliance, and entity formation and management services, has recently announced that it has been selected to provide Cayman Islands legal advice and trustee, management company, fund administration and directorship services to Indo-Japan Emerging Technology & Innovation Fund (the Fund).

The Fund will invest substantially all of its assets into Indo-Japan Emerging Technology & Innovation AIF (the FoF), a US$187 million fund-of-funds managed by Reliance Nippon Life Asset Management Ltd (RNAM), the Indian asset management arm of Nippon Life. The Fund will be offered in Japan to Japanese institutional investors.

Maples explains that the FoF is the result of a joint initiative between Japan's Ministry of Economy, Trade and Industry and India's Ministry of Commerce and Industry. Its strategic intent is to combine the core strengths of both countries to provide large investors with access to source ideation and technology, as well as to provide a platform for collaboration and strategic investment in start-ups.

Maples says the FoF expects to manage a portfolio of 15 to 25 India-focussed venture capital funds investing in technology start-ups in emerging fields, including the internet of things, artificial intelligence, machine learning, fintech, healthcare, consumer, education, robotics and automation and business-to-business software.





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The Maples Group, a service provider offering clients a range of legal, fiduciary, fund, regulatory and compliance, and entity formation and management services, has recently announced that it has been selected to provide Cayman Islands legal advice and trustee, management company, fund administration and directorship services to Indo-Japan Emerging Technology & Innovation Fund (the Fund).

The Fund will invest substantially all of its assets into Indo-Japan Emerging Technology & Innovation AIF (the FoF), a US$187 million fund-of-funds managed by Reliance Nippon Life Asset Management Ltd (RNAM), the Indian asset management arm of Nippon Life. The Fund will be offered in Japan to Japanese institutional investors.

Maples explains that the FoF is the result of a joint initiative between Japan's Ministry of Economy, Trade and Industry and India's Ministry of Commerce and Industry. Its strategic intent is to combine the core strengths of both countries to provide large investors with access to source ideation and technology, as well as to provide a platform for collaboration and strategic investment in start-ups.

Maples says the FoF expects to manage a portfolio of 15 to 25 India-focussed venture capital funds investing in technology start-ups in emerging fields, including the internet of things, artificial intelligence, machine learning, fintech, healthcare, consumer, education, robotics and automation and business-to-business software.



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