The investment firm managing nearly $1.5 billion of assets for members of Nintendo’s founding family is willing to play a long game when it comes to portfolio companies and can wait more than a decade to see a turnaround, a top executive said. | Reuters
The family office was launched in 2020 by Banjo Yamauchi, the 30-year-old biological grandson and adopted son of Nintendo Co Ltd’s third president, Hiroshi Yamauchi, who transformed the maker of playing cards into a video game giant known for characters such as the mushroom-fuelled plumber Mario and the Princess Zelda.
But its tussle with the $620 million Toyo, Japan’s third-largest marine construction firm in which it holds 27 percent, has been anything but whimsical. The family office, which says it has submitted more than 100 pages of proposals, won’t rule out increasing its stake in Toyo after May, when an agreement not to do so lapses, Murakami said.About half of its assets are being invested in some two dozen projects focused on next-generation technologies, including space debris clean-up company Astroscale and AI-driven healthcare.
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