Capital Dynamics is seeking $100 million for its first Japan-dedicated fund of funds vehicle, which will back mid-market buyout managers in the country, Private Equity International has learned.
The firm launched Capital Dynamics Japan Private Equity last year and is expecting commitments mainly from Japanese corporate pension funds, a source with knowledge of the fundraise told PEI.
The Zug, Switzerland-headquartered firm opened its Tokyo office in November 2010 to complement its existing Hong Kong presence in Asia and it has been managing capital for Japanese institutions through separate accounts.
The firm is also raising capital for its fifth secondaries vehicle, Capital Dynamics Global Secondaries V, with a target of $750 million. It is unclear how much capital has been raised so far by the firm.
It raised $564 million for its fourth global secondaries fund in July 2016, exceeding its $350 million target. That fund, which focuses on smaller portfolios and complex deals, received capital commitments from 70 investors including pension plans, insurers, endowments, foundations and family offices from Europe, the US, Asia and the Middle East, according to a statement.
The firm declined to comment on fundraising.
Capital Dynamics manages over $15 billion of assets across primaries, secondaries, co-investments and tailored solutions. Its primary commitments target mid-market buyouts across the US, Europe and developed Asia within the buyout, specialist, turnaround and growth sectors.
In January, the firm collected €208 million for its debut fund Capital Dynamics Future Essential that will cater to German-speaking investors in Germany, Austria, Switzerland and Liechtenstein (DACH region), the firm said in a statement.