Advent Raises $550M For First Japan Buyout Fund

Sep 11 2008 | 11:32am ET

Advent International has raised ¥60 billion (US$550 million) for its first Japanese private equity fund. Investors in the Advent Japan Private Equity Fund include leading institutions from Japan, North America, Europe and Asia.

JPEF will target investments in healthcare, industrial, retail, and support services companies with enterprise values ranging from ¥5 billion ($45 million) to ¥50 billion ($450 million), but will have the flexibility to invest in larger transactions through selected co-investment with other Advent funds.

”Not only has the private equity industry in Japan shifted from its initial focus on distressed situations and balance sheet restructuring to real, operationally-led value creation, but Japanese businesses have fundamentally embraced the need for enhanced global competitiveness in order to achieve long-term profit growth,” said John Singer, managing partner.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note