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Japanese secondaries private equity firm WM Partners raises $50m

8 Jan 2014

Japanese secondaries-focused private equity firm WM Partners, founded by former CEO of Japanese investment group JAIC, has held an interim close of JPY5.25bn ($50m) for its first fund, AVCJ reported.

The firm span out of JAIC last year, and is seeking to raise as much as JPY10bn ($102m).

The fund – JSPF No. 3 has secured commitments from both institutional and strategic LPS, the report said, including Organization for Small & Medium Enterprises and Regional Innovation, which allocated JPY2bn.

Matsumoto said the firm will also seek to market to both overseas and homegrown insitutitonal investors, with a final close of between JPY8bn and JPY12bn, “within a year.

The firm will seek to work with corporations seeking to downsize their investment activities or those institutions looking to comply with regulation. WM will also provide liquidity to venture capital firms nearing the end of their fund lives.

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