Japan Private Equity holds $30m first close on Fund IV
Japan Private Equity (JPE) has held a JPY3 billion ($30 million) first close on its fourth buyout fund, JPE Private Equity No.4.
The fund - which is targeting JPY5 billion - has an eight year lifespan and will focus on majority investments in small- to medium-sized enterprises (SMEs) facing succession issues or that are in need of restructuring. The fund's LPs include include Bank of Kyoto, Development Bank of Japan, Nihon M&A Center, Sumitomo Mitsui Banking Corp. and Juroku Bank.
This first close already exceeds the total amount raised by the firm's previous vehicle, JPE Private Equity No. 3, which held a final close of JPY2.7 billion in 2008 - well short of its JPY5 billion original target.
Set up in 2000, JPE is a joint venture between Japan Asian Investment Co. (JAIC) and the independent M&A agency, Japan Merger and Acquisition Center. The firm has invested in a total of JPY12 billion across 23 companies in its lifetime, half of which are in the manufacturing sector.
The firm has made around 11 exits so far, all of which have been to strategic investors.
More on North Asia
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.