Japan's WM, AIC launch secondary fund targeting LP stakes
WM Partners and Alternative Investment Capital (AIC) are looking to raise a JPY10 billion ($88 million) secondary fund that will primarily target LP positions in Japan-focused private equity funds.
Development Bank of Japan, a longstanding collaborator with WM, and Sumitomo Mitsui Banking Corporation (SMBC), a shareholder in AIC, have both commitments to the new vehicle, helping it reach a first...
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