Tokyo, Japan – May 21, 2024 – Global investment firm Carlyle (NASDAQ: CG) announced the final close of its fifth Japanese buyout fund, Carlyle Japan Partners V (“CJP V”). The fund raised JPY 430 billion (approximately USD 2.8 billion), inclusive of commitments from the General Partner and its affiliates, hitting the hard cap on Limited Partner commitments. According to data from Preqin, this marks the largest fundraise for a buyout strategy focused on the Japanese market.
CJP V received strong demand and backing from both domestic and global investors, raising nearly 70% more than its predecessor fund. The new fund will continue investing primarily in upper middle-market opportunities in Japan across Technology, Media and Telecom (TMT), Consumer, Retail and Healthcare (CRH), and General Industries (GIG). It will focus on succession transactions, carve-outs, and strategic take-privates.
Kazuhiro Yamada and Takaomi Tomioka, Co-Heads of Carlyle Japan, stated: “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.”
Harvey Schwartz, CEO of Carlyle, commented: “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.”
Carlyle’s Japan buyout platform has invested more than JPY 450 billion across approximately 40 private equity investments since 2000. This history of investing in Japanese portfolio companies has contributed significantly to local economic growth. Carlyle Japan Partners IV, a 2021 vintage fund with 12 investments so far includes recent deals such as Totoku, Uzabase, Iwasaki Electric, and Seiko PMC.
About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm that deploys private capital across three business segments: Global Private Equity, Global Credit, and Global Investment Solutions. With $425 billion of assets under management as of March 31, 2024, Carlyle aims to invest wisely on behalf of its investors while creating value within its portfolio companies and communities worldwide. The firm employs over 2,200 people across four continents.
Further information is available at www.carlyle.com.
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Media contacts:
Andrew Kenny
Global Corporate Communications
+44 7816 176120
andrew.kenny@carlyle.com
David Ashton / George Ohyama
+81 80 9713 2020 / +81 80 7340 1015
carlylejp@brunswickgroup.com
