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Alternative Market Briefing

CLSA closes fourth Japan fund at $450m

Friday, September 25, 2020

Laxman Pai, Opalesque Asia:

CLSA Capital Partners (CLSA CP) has closed its fourth Japan mid-market private equity fund at $450 million after approximately three months in the market.

The vehicle - Sunrise Capital IV - was significantly oversubscribed with existing investors accounted for 82% of the commitments, according to a statement from the asset management business of CLSA.

Sunrise Capital is a Japan-dedicated private equity strategy of CLSA Capital Partners which capitalizes on opportunities in the mid-cap buyout sector.

Sunrise IV's investor base is comprised of leading financial institutions, including funds of funds, endowments, foundations, and family offices from Japan, wider Asia, North America, and Europe.

In addition to commitments from a select group of new investors, Sunrise IV received strong support from existing investors, which accounted for 82% of the total number of investors committing to Sunrise IV.

"We are very pleased with the overwhelming interest in Sunrise Capital from many prominent investors. The demand for Sunrise IV far exceeded the hard cap, which is a remarkable achievement amid the challenging macroeconomic and financial environment brought on by COVID-19. This is a strong testimony of investors' endorsement of the investment strategy of Sunrise Capital and investors' appetite for opportunities in Japan." said Megumi Kiyozuka, President & Representative Director at CLSA Capital Partners (Japan) KK.

Megumi added: "......................

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