private credit
SMBC Group Targets JPY 15 Trillion in Private Assets, Partners with Bain and Muzinich in Global Push
Sumitomo Mitsui Financial Group (SMBC Group) has unveiled an aggressive strategy to establish private asset management as a primary business pillar, targeting JPY 15 trillion in cross-asset management balances by 2031. In an announcement made on December 24, 2025, the Japanese banking giant outlined a comprehensive plan to leverage its