1. The Japan Bank for International Cooperation (JBIC; President & CEO: Hiroshi Watanabe)^*1 has signed today agreements on the Daiwa Quantum Capital Partners I, L.P. (DQCP I), a fund focusing on efficient energy and the environment sector in Asia managed by Daiwa Quantum Capital Limited (DQC; President & CEO: Tadashi Mizushima) as a general partner.
    
2. JBIC is contributing up to 20 million US dollars of 80 million US dollars at the first closing. Apart from JBIC, financial institutions and business corporations including Daiwa Securities SMBC Principal Investments Co. Ltd. (Daiwa SMBC PI) are participating in the fund. DQCP I will continue to invite participants, eventually aiming to expand its fund size to 300 million US dollars.
    
3. DQCP I is a private equity fund targeting investment in Asian projects in such areas as energy efficiency improvement, renewable energy, water, waste management, and transportation systems, etc. For example, DQCP I is expected to help reduce CO2 emissions by supporting wind power and other renewable energy related projects, thereby contributing to climate change mitigation. JBIC established the JBIC Facility for Asia Cooperation and Environment (FACE)^*2 in April 2008. Furthermore, the Government of Japan made an announcement in March 2009 to launch the Leading Investment to Future Environment (LIFE) Initiative^*3 that utilizes JBIC financing. JBIC is thus supporting environmental investment projects in developing countries, with a focus on Asia by utilizing its equity investment facility and mobilizing private-sector financing.
    
4. DQCP I is the first fund managed by DQC jointly established by Daiwa SMBC PI (Chairman: Toshihiko Onishi) and Quantum Leaps Corporation (Founder & CEO: Nobuyuki Idei). JBIC has a policy of actively supporting those funds where Japanese firms perform a major role in management and investment decisions. Supporting DQCP I is expected to help overseas business development for Japanese enterprises in the area of energy efficiency and the environment.
    
5. JBIC will draw on a variety of its financial tools for climate change mitigation as well as for the international competitiveness of Japanese industry.

Note

1. *1 JBIC is the international wing of the Japan Finance Corporation (JFC; Governor: Shosaku Yasui).
2. *2 See News Release on April 1, 2008.
3. *3 See Information on March 23, 2009.