Global investment firm Carlyle announced the final closing of its fifth Japanese buyout fund, Carlyle Japan Partners V (CJP V). At JPY 430 billion (about $2.8 billion), which includes commitments from the General Partner and its affiliates, CJP V hit the hard cap on Limited Partner commitments. This represents the largest fundraise for a buyout strategy focused on the Japanese market.
CJP V received major demand and backing from both domestic and global investors, raising nearly 70% more than the size of its predecessor fund. CJP V will continue the successful strategy of investing primarily in upper middle-market opportunities in Japan across Technology, Media and Telecom (TMT), Consumer, Retail and Healthcare (CRH), and General Industries (GIG).
Carlyle’s Japan buyout platform invested over 450 billion yen across approximately 40 private equity investments since 2000. And this history of investing in Japanese portfolio companies and track record of delivering business transformation and sustainable growth has helped contribute to the local economy. Carlyle Japan Partners IV, a 2021 vintage fund, has 12 investments to date, including recent deals with Totoku, Uzabase, Iwasaki Electric, and Seiko PMC.
KEY QUOTES:
“We are delighted to close our fifth Japan buyout fund and are grateful for the trust and support of our investors. It is an exciting time for private equity investors in the region. With our largest fund to date, we are well-positioned to continue to capture investment opportunities on behalf of our investors by working with founders and management teams who are looking for the right partner to help take their business to the next level.”
– Kazuhiro Yamada and Takaomi Tomioka, Co-Heads of Carlyle Japan
“We are pleased to significantly deepen our commitment to Japan, a market of strategic importance for the firm. For over 20 years, Carlyle has played a leading role in the growth and development of the Japanese private equity market by bringing our local expertise and significant global resources to create value in Japanese companies and deliver attractive returns for our investors. The success of this fundraise is a testament to the franchise our Japan team has built and the confidence our investors have in our ability to continue to deliver sustainable, long-term value.”
– Harvey Schwartz, CEO of Carlyle
