Sunrise Capital, a Japan-dedicated mid-cap private equity fund, closed Sunrise Capital IV, at US$450m of commitments.
Sunrise IV has an investor base comprised of financial institutions, including funds of funds, endowments, foundations and family offices from Japan, wider Asia, North America and Europe. In addition to commitments from a select group of new investors, Sunrise IV received support from existing investors, which accounted for 82% of the total number of investors committing to the fund.
Sunrise Capital is a Japan-dedicated private equity strategy of CLSA Capital Partners, which capitalizes on opportunities in the mid-cap buyout sector. The firm has developed an approach, which includes seconding professionals to assist portfolio companies in realizing their growth potential and supporting their overseas expansion through CLSA’s global network. It has raised approximately US$1.5 billion to date and completed investments in approximately 30 companies including both standalone and follow-on investments since its establishment in 2006.
Monument Group has advised the firm on raising the fund.