Capital Dynamics to launch $154m Japan-focused fund-of-funds
Switzerland-headquartered asset manager Capital Dynamics plans to launch a JPY15 billion ($154 million) Japan-focused fund-of-funds. A source familiar with the matter said Japanese corporate pension funds will be among the investors in the new vehicle, which will target mid-cap buyout funds.
The decision to launch the fund was said to have been first made a year ago but it comes at a time when government fiscal and monetary policies have improved LP sentiment toward the country.
Capital Dynamics, which has been active in Asia for nearly 10 years and has $17 billion in assets under management, opened its Japan office in 2010, hiring former AIC CEO Kazushige Kobayashi as managing director. The only other Asia office is in Hong Kong.
It was one of four firms consulted by Japan's Government Pension Investment Fund (GPIF) as part of its feasibility study on potential investment in alternative assets, including private equity.
Last week, Capital Dynamics announced it has partnered with China-focused fund-of-funds manager Diligence Capital in a bid to expand its geographic footprint in the country.
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