# Fukoku Life International (America)

Fukoku Life International (America) is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Assets under management:** Undisclosed

## Regulatory record

- **CRD number:** 284662
- **SEC file number:** 801-108845
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/284662

## About

FUKOKU LIFE INTERNATIONAL (AMERICA) INC. is a SEC-registered investment adviser in NEW YORK, NY, registered since 2017. The firm manages approximately $328 million in regulatory assets. It has 6 employees and 5 investment advisers.

## Questions

### How is Fukoku Life International (America) related to its Japanese parent?

It is a wholly-owned subsidiary operating as the direct investment office for Fukoku Mutual Life's general account. The New York office places assets into North American alternatives—primarily private credit and real estate—intended to be held to maturity on the parent's balance sheet. There is no external client business or third-party capital managed.

### What is the investment mandate for the general account?

The mandate focuses on long-duration, primarily investment-grade assets denominated in US dollars to offset yen liabilities. Typical investments include directly negotiated private placement corporate notes, core and core-plus commercial real estate equity, senior mortgage loans, and infrastructure debt. The office does not pursue venture capital or operationally intensive buyouts.

### How does Fukoku Mutual Life source its North American deals?

The insurer has sourced US private placements for decades through established investment bank relationships and direct corporate issuer access. Real estate transactions are often sourced via joint ventures with operating partners or through direct mortgage origination networks. The parent has historically avoided public auctions in favor of privately negotiated, bilateral transactions.

### Does Fukoku Life International (America) participate in fund commitments?

Yes. The parent allocates to North American real estate and infrastructure funds as a limited partner, frequently alongside co-investment rights. This complements its direct lending and property acquisition activity, allowing the office to access institutional-quality deal flow while maintaining the capacity to underwrite large, direct holdings.

### What distinguishes this office from a full-scale asset manager?

It manages only the parent company's general account. There is no external fundraising, no fund of funds product distributed to other Japanese regionals, and no separate brand marketing to third-party institutional allocators. The team's compensation and incentives are tied to the credit performance and cash-flow matching of the parent's portfolio, not to asset-gathering growth or carry on realized deals.

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Last updated: 2026-06-03T20:00:00.000Z

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