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Japan’s Unison on the road for Fund IV as investment environment improves

12 Mar 2014

Japanese flag poleJapanese private equity firm Unison Capital is reportedly raising about JPY60bn ($580m) for a fourth private equity fund amid an expected growth in demand for buyout capital from Japanese companies.

The new vehicle 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.

Unison was forced to shrink the third fund by about 25 per cent in 2011 as deals in Japan dried up in the wake of the global crash.

Unison is also raising a KRW250bn ($234m) fund to target South Korea as dealmaking in that country continues to pick up.

Korean investment firm STIC Investments had raised more than $170m for its latest private equity fund in January, AltAssets revealed at the time.

STIC Private Equity Fund III has secured commitments of $171.8m from nine investors in its first year on the road, the firm revealed in a document filed with the US Securities and Exchange Commission.

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