Japanese private equity firm J-Star has raised JPY11.86bn ($119m) for its second fund, J-STAR No. 2 Investment Limited Partnership.
Limited partners included both domestic and global institutional investors, it said.
The firm along with financial co-investors such as banks, aims to invest in over ten companies with deal size between JPY1bn to JPY10bn.
Since its founding in 2006, J-STAR has invested in more than 17 transactions in various industries such as consumer goods, B2B, healthcare, environment and manufacturing. Last week the firm invested in car upholstery company Tokai Trim.
J-Star said, “We will strive to make equity investments in line with business solutions, to maximize the satisfaction of stakeholders with different goals, and to create added value. We will continue endeavour to both maximize investor profit and maximize social public welfare with our investment decisions We appreciate your continuous support to us.”
Copyright © 2013 AltAssets