Carne Group completed the acquisition of Japan Fund Management from Mizuho Trust & Banking.

Carne Group, an independent third-party management company, completed the acquisition of Japan Fund Management, an alternative investment fund manager, from Mizuho Trust & Banking, a full-line trust banking company. Financial terms were not disclosed. “We’re honoured that Mizuho is trusting Carne with its most important clients, and the meetings I’ve already had with several of them have been very positive; they really understand the benefits of partnering with specialist service providers as they look to increase international allocations in the future,” John Donohoe, Carne Founder and CEO.