Carne Group completes merger of Japan Fund Management Luxembourg
03 December 2025 Luxembourg, Japan
Image: nespix/stock.adobe.com
Carne Group, an independent third-party management company and a provider of fund regulation and governance solutions, has announced the completion of its merger of Japan Fund Management Luxembourg (JFML) into Carne Global Fund Managers Luxembourg (CGFML).
All assets and liabilities of JFML have been transferred to CGFML, and JFML has ceased to exist.
CGFML now officially assumes the role of management company and Alternative Investment Fund Manager (AIFM).
JFML, which managed approximately US$5 billion, supported the overseas investment of Mizuho’s Japanese institutional clients.
The deal marks the final stage of a process that began with the acquisition of JFML on 30 June 2025, following regulatory approvals and the alignment of operational systems across both businesses.
The firm says that the merger strengthens Carne’s footprint in Asia and reinforces its position as Europe’s independent third-party management company.
John Donohoe, CEO of Carne Group, says: “This milestone reflects the growing trend across the funds industry to partner with large-scale management companies that bring both local expertise and global infrastructure.
“We’re proud to play a leading role in this evolution as managers seek efficiency, resilience, and the ability to scale across borders.”
All assets and liabilities of JFML have been transferred to CGFML, and JFML has ceased to exist.
CGFML now officially assumes the role of management company and Alternative Investment Fund Manager (AIFM).
JFML, which managed approximately US$5 billion, supported the overseas investment of Mizuho’s Japanese institutional clients.
The deal marks the final stage of a process that began with the acquisition of JFML on 30 June 2025, following regulatory approvals and the alignment of operational systems across both businesses.
The firm says that the merger strengthens Carne’s footprint in Asia and reinforces its position as Europe’s independent third-party management company.
John Donohoe, CEO of Carne Group, says: “This milestone reflects the growing trend across the funds industry to partner with large-scale management companies that bring both local expertise and global infrastructure.
“We’re proud to play a leading role in this evolution as managers seek efficiency, resilience, and the ability to scale across borders.”
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