CLSA Capital Partners has made the final closing of the Sunrise Capital II (Sunrise II) private equity fund on October 24 with about US$210 million (at current exchange rates) in total commitments from a diverse and global base of limited partners from the US, Europe, and Japan.

 

Sunrise II, for which Megumi Kiyozuka serves as head of Japan, is the successor fund to 2006’s CLSA Sunrise Capital and employs the same strategy of actively pursuing buyout opportunities that promote the growth of small- and mid-cap Japanese companies. Sunrise II primarily seeks controlled buyout investments with a typical enterprise value of 5 billion to 15 billion yen, providing opportunities across various sectors by capitalizing on companies’ unique technology, know-how, brands, services, and/or potential to expand in Asia.

 

As of today, Sunrise II has invested in two companies, a used-car auction operator and an IT consulting firm. The fund is planning to add five to six more companies to the portfolio over the next few years and is currently pursuing a number of attractive opportunities.