February 18, 2009

To whom it may concern.

 

Alternative Investment Capital Limited

Sumitomo Mitsui Banking Corporation

Mitsubishi Corporation

 

Capital and Business Alliance between Alternative Investment Capital Limited and Sumitomo Mitsui Banking Corporation

Alternative Investment Capital Limited (“AIC”, CEO: Kazushige Kobayashi) and Sumitomo Mitsui Banking Corporation (“SMBC”, CEO: Masayuki Oku)　have entered into a capital and business alliance agreement with regard to asset management business that focuses on private equity fund investments.

 

As part of the alliance agreement, SMBC has purchased 20% of AIC shares (1,600 shares) from present shareholders, Mitsubishi Corporation (“MC”, CEO: Yorihiko Kojima), Daido Life Insurance Company (“Daido Life”, CEO: Haruo Kuramochi), and Mitsubishi UFJ Trust and Banking Corporation (“MUTB”, CEO: Kinya Okauchi). SMBC has also delegated one part-time director to AIC.

 

AIC manages several fund-of-funds vehicles investing in private equity funds within and outside Japan , and also provides investment discretionary management services and investment advisory services for institutional investors and pension funds.

MC has reinforced its financial business by using the strength of its stance as a general trading company, and has concurrently assisted in the promotion of AIC as a capable fund manager in the field of asset management in private equity funds.

 

Both companies aim to strengthen and further develop the asset management business by leveraging expertise and business network of AIC that has won strong reputation for its advantage and experience in the asset management business in the private equity sector, as well as of SMBC that has established strong customer foundations and networks within Japan .

 

Through their alliance, both companies will endeavour to meet the long-term investment needs of their clients in broader range, providing investing opportunities in attractive private equity funds space through the private equity fund-of-funds vehicles and through their value-added investment advisory services.

 

 

 

【Alternative Investment Capital】（as of February 18^th, 2009）

Lines of Business	：	Managing fund of funds in private equity funds. Discretionary investment management business and investment advisory service exclusively focusing on private equity funds for institutional investors
Date Established	：	July 15th, 2002
Location   President & CEO	： ：	10th Floor, Marunouchi Central Building , 9-1 Marunouchi 1-Chome, Chiyoda-ku, Tokyo , Japan Kazushige Kobayashi
Capital	：	400 million yen(JPY)
Number of Employees	：	23
Asset Under Management	：	Approximately 300 billion yen(JPY)
Share Holders （Controlling Share）	：	Mitsubishi Corporation（51%）, Daido life Insurance Company（25%）, Sumitomo Mitsui Banking Corporation（20%）, Mitsubishi UFJ Trust and Banking Corporation（4%）
License	：	Register No.：594 Main Business：Investment Management Business, Investment Advisory and Agency Business Japan Securities Investment Advisers Association Member No.:012-02086
Listed/Unlisted	：	Unlisted

 

【Characteristics of AIC】

1.       Long-term track record of fund management and advisory business relevant to global private equity investments: AIC has provided fund-of-funds management and advisory services for several years to investors targeting maximum returns.

 

2.       Extensive networks with worldwide private equity fund managers and investors: AIC is one of the first private equity investment advisory firms in Asia characterized by a worldwide network of private equity fund managers and investors.

 

3.       Top-tier firm for Japanese private equity fund investments industry: AIC is an established, top-tier firm helping to develop private equity fund investment industry in Japan through information exchange with private equity fund managers on investment strategies and best practices.