Japan's Advantage to launch $400m Asia fund

The fund will complement the GP's flagship fund which, according to sources familiar with the matter, will also be launching shortly. The target amount for the new flagship vehicle - Advantage Partners V - has not yet been revealed.

The Asia fund is the GP's first non-Japan vehicle, but Advantage has made four investments overseas. Three of these - Qin Jia Yuan Media Services and Qingdao Hisense Broadband Multimedia, and ESG, a commercial facilities firm - were in China, while the third GTA TeleGuam was is in the US territory of Guam.

The last of these was exited to Telkom Indonesia earlier this month for an undisclosed sum. Advantage's last exit prior to TeleGuam was cinema chain United Entertainment to Lawson HMV Entertainment, a unit of Tokyo stock exchange-listed convenience store giant Lawson, in August last year.

Advantage is currently investing out of a $200 million bridge fund which reached a final close in mid-2013. Prior to that, the GP had raised Advantage Partners IV, which launched in 2006 and reached a final close of JPY215 billion ($1.7 billion) in 2007.

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• Topics
• North Asia
• Fundraising
• Buyouts
• Japan
• Fundraising
• Advantage Partners
• buyout
• Asia