Nippon Life puts $94 million in fintech fund

FintechNippon Life Insurance has invested $94 million in a fund managed by its US investment subsidiary that invests in start-up companies. The NLI Strategic Venture Investment Fund aims to invest in companies applying technology such as artificial intelligence and big data to the finance and insurance sectors. As well as making co-investments in start-up companies, the Japanese insurer hopes the initiative will allow it to co-create new products and services. Founded in 1889, Nippon Life is the largest Japanese insurer by revenue. The company has invested in overseas venture capital funds since the 1970s. Nippon Life Global Investors Americas, the company’s subsidiary, “has demonstrated a strong track record over many years by leveraging their strong network in Silicon Valley and manager selection capability”, said a statement from the company. ©2018 funds global asia

Executive Interviews

INTERVIEW: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

INTERVIEW: Making a name

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Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.


HONG KONG ROUNDTABLE: a long-term project

Jun 09, 2018

Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.

SINGAPORE ROUNDTABLE: Small nation, big ambitions

Apr 18, 2018

Our cross-industry panel discussed fund passporting, robo-advisers and the potential of a new investment structure, the S-Vacc. Chaired by George Mitton in Singapore.