Arendt & Medernach acted as Luxembourg counsel to The Carlyle Group in connection with the final closing of Carlyle Japan Partners V, its fifth Japanese buyout fund
Arendt & Medernach acted as Luxembourg counsel to The Carlyle Group in connection with the final closing of Carlyle Japan Partners V (“CJP V”), its fifth Japanese buyout fund, raising JPY 430 billion (approximately USD 2.8 billion1), which is inclusive of commitments from the General Partner and its affiliates. Due to strong demand and backing from, both Japanese and global investors, CJP V hit its hard cap on limited partner commitments raising nearly 70% more than the size of its predecessor fund. This marks the largest fundraise for a Japan-focused buyout strategy fund, according to data from Preqin2.
CJP V will continue investing primarily in upper middle-market opportunities in Japan, specifically targeting sectors such as Technology, Media and Telecom (TMT), Consumer, Retail and Healthcare (CRH), and General Industries (GIG), focusing on succession transactions, carve-outs, and strategic take-privates.
Footnotes
1. Exchange rate as at May 10, 2024.
2. Source Preqin Pro (as at May 1, 2024); buyout funds with a primary focus on investment in Japan.