Ex-JAIC boss to launch Japan secondaries fund
Former JAIC CEO Moriyoshi Matsumoto, who was responsible for the group’s secondaries business, has spun out to create an independent secondary investment platform. WM Partners is targeting up to JPY10 billion ($102 million) for its debut fund, with a first close likely to come this summer.
Participants in the first close - of $40-50 million - will be Japanese institutions, including some government-related entities. Foreign investors will then be targeted, with a view to a final close towards...
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