Sunrise Capital closes Sunrise Capital III at hard cap of US$400m

Tokyo, Monday 8 May, 2017 – CLSA Capital Partners, the alternative asset management arm of CLSA, is pleased to announce that Sunrise Capital’s third fund, Sunrise Capital III (“Sunrise III”) closed on April 28, 2017. Sunrise III was significantly oversubscribed, and closed at its hard cap of US$400 million, effectively in a single close after less than seven months of fundraising.

“We are very pleased with the overwhelming interest in Sunrise Capital from many prominent investors – the demand for Sunrise III far exceeded the firm’s hard cap,” said Megumi Kiyozuka, Managing Director at Sunrise Capital. “We believe that US$400 million is the right size for us, given our value-added approach to control investing in Japan’s lower mid-market. We look forward to delivering excellent returns for Sunrise III on behalf of all our investors.”

Sunrise III received strong support from Sunrise Capital’s existing investors in addition to commitments from a diverse group of new investors from across the globe that include endowments, foundations, pension funds, financial institutions, fund-of-funds and family offices. New investors make up 75% of the capital raised and Sunrise Capital is excited that the Fund’s LP base represents investors from North America, Japan, Europe, the Middle East and Asia (ex-Japan).

“Monument Group was privileged to work with Sunrise Capital on this very successful fundraise,” said Niklas Amundsson, Managing Director at Monument Group. “The significant investor interest and support underscores the strength of the Sunrise team, its hands-on approach and investors’ enthusiasm for the Japanese lower middle market”.

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