PRINT THIS PAGE

Japanese Buyout Fund Boom

Establishment of buyout funds in Japan started with fund raising by Advantage Partners in 1997. The successive establishment of buyout funds after that is one of the phenomena that symbolize the historic turning point for the Japanese financial industry and stock markets that came about as a result of financial system "Big Bang" in that same year, says Chikusei Partners. In order to understand the situation in which Japanese buyout funds were established in and after 1997, it is important to gain an understanding of the changes in the financial and economic environments at the time.

This report defines a buyout fund as a fund that has had at least one experience of making a buyout investment. Accordingly this report includes those "corporate revival funds" (i.e. funds which buy a company's distressed loans and become a minority equity holder) that also have experience of at least one buyout deal.

The report only includes funds that specifically target Japanese companies and does not include buyout funds that also target companies of countries other than Japan. This is because most of the investment targets of such funds are non-Japanese companies, and sometimes the entire value of their commitments is directed to countries other than Japan as a result.

Click here to view the report extract (pdf 100kb)

You need Adobe Acrobat to read this document. If you do not have it, you can download it free from www.adobe.com/products/acrobat/readstep.html

Chikusei Partners, the Japan and Asia specialists, offer advice, consulting and research; fund raising services; and strategic liquidity solutions. For further information visit http://www.chikusei-partners.com

Copyright © 2005 AltAssets