Marunouchi Capital raises $831.9m

The investment arm of Mitsubishi Corporation has held a final close for its second buyout fund.

Marunouchi Capital, the private equity arm of Mitsubishi Corporation and Bank of Tokyo-Mitsubishi UFJ, has corralled JPY94.16 billion ($831.9 million; €725.7 million) for Marunouchi Global Fund II and Marunouchi Capital No. 2 Limited Partnership. Capital raised for these two funds will be used to invest in consumer goods and manufacturing sectors in Japan.

Established in 2008, the firm specialises in corporate buyouts and business carve-outs in Japan.