AIP Japan seeks $295m for new healthcare fund


sakuraInvestment firm Asia Investment Partners (AIP) Japan is seeking $295m for its sixth healthcare fund.

The firm is looking to raise JPY30bn ($295.2m) for the fund, which will focus exclusively on the elderly care home segment, said the Asian Venture Capital Journal.

LPs that have already backed the fund include Daiwa Securities Group and Tokyo Star Bank.

The firm is also targeting insurers and other institutional LPs.

AIP, which is headquartered in Denver, launched its previous fund in 2011, five years after closing its fourth vehicle.

Other funds focused on Japan currently in the market include Unison Capital’s fourth vehicle, which is targeting JPY60bn ($580m).

The new fund is less than half the size of the firm’s previous JPY140bn fund from 2009 according to Reuters, which said the investment period for that vehicle ends in August.

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