CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Ltd, has closed its third Japan buyout fund, CITIC Capital Japan Partners III, at a hard cap of JPY30 billion (US$267 million), the firm said in an announcement.
The amount raised exceeded its initial target of JPY25 billion (US$222 million). The fund's limited partners includes sovereign wealth funds, financial institutions, pension funds and fund–of-funds.
"We are delighted by the strong support we received from both existing and new investors. Their support is…a validation of the tremendous investment opportunity presented by Japanese companies requiring backing in their international expansion, and our deep network of China relationships. We look forward to expanding our J...
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