Asian asset management firm PAG has invested $250m in theme park operator Universal Studios Japan.
In 2009, the company previously sold a 60.1 per cent stake for $1.68bn to investors including Goldman Sachs, MBK Partners and Owl Creek.
The Osaka-based company’s chairman Glenn Gumpel said the capital will be used to develop a new Harry Potter attraction and to expand into other Asian countries.
Last year PAG closed its latest private equity buyout fund on $2.4bn. Founded in 2002, the firm is one of the region’s largest Asia-focused alternative investment managers with funds under management across private equity, real estate and absolute return strategies.
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