AIP Japan to launch $300m healthcare focused fund
Asia Investment Partners (AIP) Japan is launching its sixth healthcare-focused fund, which will specifically target the elderly care home segment.
According to Nikkei, the fund is looking to raise JPY30 billion ($295 million) and has already received commitments from Daiwa Securities Group and Tokyo Star Bank. It will also seek to raise capital from insurance companies and other institutional investors.
Based in Tokyo, AIP Japan is a subsidiary of Denver-headquartered Asia Investment Partners and focuses exclusively on the healthcare and real estate sectors. It raised its first fund in 1999, with commitments from a small group of high-net worth individual investors.
AIP received its first institutional commitments in 2006 with its fourth fund; its fifth fund reached a first close in 2011. Since last year, the GP has also managed a healthcare REIT on behalf of Daiwa Real Estate Asset Management.
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