Mitsubishi's venture capital

Mitsubishi's venture capital

TOKYO (UPI): Mitsubishi will be the first Japanese trading
company to enter the U.S. venture capital business, a business
newspaper said yesterday.

Mitsubishi, Japan's largest trading firm, wants to back
growing U.S. exporters through investment, the Nihon Keizai
Shimbun newspaper reported.

"We are planning to acquire mainly growing U.S. exporters of
any merchandise," said Takashi Shogase, Mitsubishi Corp.'s
international public relations manager.

Mitsubishi will invest $3 million by mid-1996 in Ripplewood
Holdings Llc, a fund management firm in New York, Shogase said.