Games World

Nintendo Heirs Buy Majority Stake in U.S. ‘Activist Fund’

“We’re very focused on ensuring that the spark of creativity never dies in Japan”.

It has been revealed that the investment firm that manages the wealth of Nintendo’s founders has purchased a majority stake in the North America-based Taiyo Pacific Partners.

The Kirkland, Washington ‘activist fund’ is “dedicated to friendly shareholder activism” in Japanese equities, and manages more than $3.7 billion in Japan and India-focused funds, according to Bloomberg. It will become a part of the Yamauchi No. 10 Family Office, which Banjo Yamauchi founded in 2020 to manage assets previously owned by his grandfather, former Nintendo President Hiroshi Yamauchi, who passed away in 2013.

Read the full article on nintendolife.com