Taiyo Pacific Partners (TPP) announces its partnership with the Yamauchi No.10 Family Office (YFO). The Yamauchi Family is well-known for its foundation of the gaming giant Nintendo. YFO and TPP found common ground through pushing boundaries, and investing in Japan and expect to improve the Taiyo business with this unique partnership.
Michael A. King will remain as the CIO of TPP, but Hirowaka Murakami will join Brian K. Heywood. “We expect to maintain the focus and tight knit team that has driven our success in the past. While there will not be any significant changes to our style, we have always looked for new ways to innovate and improve and we expect this partnership to bring out the best in both firms,” said Michael King.
Hirowaka Murakami also added that “YFO had been looking for a partner focused on working with and improving the many legacy companies in Japan. We have always challenged traditions and have supported challengers who are passionate about improving the lives of people around the world with innovative technologies for a better future. We have globally developed partnerships to nurture and expand the growth of young venture talent, and the partnership with TPP will further help us expand our reach to the mature public and private markets, and enable us to provide a higher level of support to those who challenge such markets.” “We are very focused on ensuring that the spark of creativity never dies in Japan. TPP will play an important role in our efforts to fulfill our obligation of passing down Yamauchi’s legacy – the fortune, philosophy, and assets – to achieve an innovative and enduring society,” he added.
“The most dramatic and game-changing transformations in Japan have historically come when dynamic outside forces team up with domestically respected innovators,” said Brian Heywood. “To us, TPP and YFO feel like the perfect marriage needed to spark change and rejuvenate the market. We are excited to integrate the creative DNA of the founders of Nintendo into the unique investment process developed at Taiyo,” he also noted. “The ancient Japanese tradition of Tokowaka, or perpetual renewal, involves a form of creative restructuring every 20 years. We have been preaching this concept to Japanese companies and as we approach our 20th year it seemed appropriate that we practice what we have been preaching. We are hopeful that the integration of TPP and YFO will make Taiyo a more exciting place for our employees, provide even better returns for our investors, and make a meaningful impact on Japan and India. “
TPP is located in Kirkland, Washington and was founded in 2003 by professionals focused on Asia and shareholder activism in India and Japan. The firm currently manages manages more than $3.7 billion in India and Japan-focused funds.
With its location in Tokyo, Yamauchi No.10 Family Office was established by the founding family of Nintendo. Its philosophy, “Dream. Leap. Live.” has been embedded in the Yamauchi Family since 1889. With its portfolio of public and private investments, YFO has plans to support management and talent that challenge tradition.
‘Taiyo Pacific Partners L.P. Joins the Yamauchi No.10 Family Office Group‘- Business Wire
