Longreach eyes corporate carve-outs
After more than 800 days in the market, Longreach Capital Partners 2 reached a final close on September 30. It has been a challenging process that required the target corpus to be scaled back from $750 million to $400 million – but the fund is also largest independent Japan-focused private equity vehicle raised since the global financial crisis.
While Unison Capital Partners III, which closed in August 2009, managed to accumulate A$1.8 billion, the bulk of its commitments came prior to the fallout from the Lehman Brothers bankruptcy. It also predates...
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