Tokio Marine Asset Management has launched its sixth renewable energy fund.
The TM Nippon Renewable Energy Fund 2021 has a target of ¥12 billion ($103 million; €91 million) and will invest in renewable energy generation projects in Japan, the firm said in a statement.
Tokio Marine AM, the asset management arm of Japanese insurance conglomerate Tokio Marine Holdings, is headquartered in Tokyo and has $69 billion in assets under management.