Managers

The Mitsubishi Corporation-backed manager raised about $830m to invest in large-scale corporate carve-outs and succession-led deals.

Firms raised more than $259bn between Q1 and Q3, marking the lowest total since 2015 for the same period.

Cinven, Apax and Permira are among those due major raises in the next 12 months, forcing investors to make tough decisions.

The retailer’s severance fund may, however, change future discussions at the negotiating table.

It says it is ‘China’s largest’ private equity firm, with $10bn in AUM, over $14bn raised in the last five years and more than 50 investments made since 2000. But when Carmela Mendoza tried to find out more she found herself chasing shadows.