Before the End of 2021, Nintendo Family Office Acquired Taiyo Pacific Partners
Posted on 02/08/2022
Yamauchi No. 10 Family Office manages the wealth of Nintendo Co.’s founders. In December 2021, the Japanese family office acquired a majority stake in Taiyo Pacific Partners L.P. from the asset manager’s CEO Brian Heywood and other founding members. Taiyo Pacific Partners is a U.S. fund that tries to engage with Japanese companies.
Hirowaka Murakami is the Co-CIO at the family office and will be named Co-CEO of Taiyo Pacific Partners later this month.
Founded in 2001 and based out of Kirkland, WA, Taiyo concentrates on small- and midcap Japanese companies. As of November 30, 2021, has US$ 3.7 billion in assets under management on a discretionary basis and no assets under management on a non-discretionary basis. Taiyo’s begins its research process using Taiyo’s database to screen data to identify attractive companies based on a wide range of characteristics. As the fund manager is based in WA, the sellers were able to likely avoid WA state’s new 7% tax on long-term capital assets.
Bach Capital Ltd. (Bach Capital Special Opportunities I LP), a Cayman Islands limited company, is owned by Yamauchi No. 10 Family Fund and Yamauchi No. 10 Family Office. Bach Capital Ltd. owns Taiyo Pacific Partners.
