Manager strategy

Structural changes in Japanese society are driving private equity dealflow among founder-owned businesses and corporate carve-outs, say Atsushi Akaike and Daisuke Takatsuki at CVC Japan.

The fragmented Japanese waste management industry represents a compelling private equity opportunity, say J-STAR principal Masayoshi Nakajima, manager Hisato Iwamoto and managing partner Hideaki Sakurai.

Against an increasingly bifurcated geopolitical backdrop, Japan is uniquely positioned to give investors a stable and safe access platform to Asia’s secular growth story, says Mark Chiba, group chairman and partner at The Longreach Group.

Revealing details of the deal to CHI employees in person was, 'one of the most joyful things I have been involved in in my life', said KKR's Pete Stavros.

Waterfield Advisors' next fund of funds could be more than five times larger than its predecessor, which has so far raised about 90% of its target, PEI has learned.

The firm will list 25% of its asset management unit by year-end as it seeks to expand its offerings and investor base.

Heady fundraising could force GPs to deploy and inflate valuations. Far from being concerned, Stephen Whatmore spies a lucrative path to exit for QIC’s private capital portfolio.

The firm's core PE strategy, which since inception has earned a 26% gross IRR, oversaw $32bn of assets at the end of March.

VIG Fund IV is 69% invested and expected to complete one more deal this year, managing partner Chulmin Lee tells PEI.

PEI caught up with J-STAR partner Tatsuya Yumoto and IR principal Kenta Shima to discuss plans for its fifth flagship fund, which closed on $576m last week.