US-based hybrid alternative investment firm Yorkville Advisors has appointed Katsutomo Fujimoto as a senior advisor for its operations in Japan, one of the key Asian markets for the firm.
Based in Tokyo, Fujimoto will focus on originating and structuring transactions in the country. Japan is an important market for Yorkville and Fujimoto will play a key role in ensuring the firm has the right expertise and relationships to take advantage of investment opportunities offered by the country, Anthony Chan, managing director and head of Asia for Yorkville, said in a statement.
Fujimoto was a senior vice president at the equity division and the equity solutions group at Lehman Brothers in Tokyo. Before that, he was a general manager at Mizuho Securities in Tokyo. He was also a director at Nikko Citigroup and at Daiwa Bank in Tokyo.
Yorkville set up its first Asian office in Hong Kong in September 2008, but the office was formally launched in April 2009 after the firm received licensing approval from the Hong Kong Securities and Futures Commission in March.
The firm manages an alternative capital fund that caters to all kinds of investment structures, Chan said in an interview last month. The global fund is unlisted, open-ended and has different sub-vehicles.
Some of Yorkville's investments exhibit private equity characteristics, and others have hedge fund qualities, Chan said, so it is difficult to classify the firm as either private equity or a hedge fund.
The firm offers investments in the form of convertible debt, equity-linked instruments, bridge facilities, convertible preference shares and equity lines to public and private companies in the small- and mid-cap space globally. It typically has a holding period of two to three years for its portfolio companies.
Yorkville presently manages assets of about $900 million.
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