The University of Tokyo-backed carveout fund’s latest limited partners include corporates Daikin, Hakuhodo and Mitsubishi Estate.

Corporates Daikin, Hakuhodo, Mitsubishi Estate and Fuyo General Lease have helped University of Tokyo’s Innovation Platform (UTokyoIPC) subsidiary expand its carveout vehicle, Open Innovation Promotion Fund I (AOI 1), to ¥24bn ($222m). The fund is set to reach the final close in late June this year and will operate until 2035. University of Tokyo had…

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