Nippon Life has entered into a memorandum of understanding for a comprehensive strategic partnership with Blackstone to provide investment management services in the private credit and real estate sectors.
Through this strategic partnership, Nippon Life group aims to access high-quality investment opportunities while enhancing the sophistication of its asset management capabilities with the objective of providing attractive risk-adjusted returns. This will enable Nippon Life group to enhance value to its policyholders and achieve further growth, while contributing to the realisation of Japan as a leading nation in asset management.
Satoshi Asahi, representative director & president at Nippon Life, said: “We view this comprehensive strategic partnership with Blackstone as a critically important initiative to significantly advance our group’s asset management strategy. Building on the strong relationship of trust we have cultivated over the long-term, our organisation is positioned to benefit from the support of Blackstone’s investment capabilities and expertise.
“This will enable us to further enhance the value we provide to our clients and achieve the sustainable growth of our group, while contributing to the realization of Japan as a leading nation in asset management.”
