CIM and Mitsui announced a strategic partnership.

CIM Group LLC and Mitsui & Co. Ltd. announced a strategic partnership that expands both organizations’ growth initiatives in real estate and infrastructure investments across North America. Proceeds from Mitsui’s 20% investment in CIM will be used entirely to fund CIM's continued growth. Mitsui will also commit capital to multiple CIM funds. This relationship demonstrates Mitsui’s confidence that CIM’s investment management capabilities will be increasingly valued by global investors. CIM will continue to be overseen and controlled by its founders and principals. Mitsui’s total investment will be $450-550m, with adjustments based on terms of the agreement.