Japanese private equity firm solicits JPY 11.86 billion in investment commitments
Private equity firm J-STAR announced a total capital commitment of JPY11.86 billion from both global and domestic investors after concluding the fund raising drive on May 31, 2013.
The company also revealed plans to invest in at least 10 companies with transactions ranging from JPY1 billion to JPY10 billion. Presently, the company is offering fund services amounting to JPY8.54 billion to companies "who share the same investment strategy."
Founded in 2006, J-STAR's core business is private equity investments for big-ticket companies, or those with corporate assets amounting to JPY3 billion up to JPY10 billion. It sets three conditions for investing in the company: excellent management team, growth potential of the business, and unique product or service.
To date, the company has already invested in 17 companies across different industries like retail healthcare, manufacturing, environment, telecommunications and services.
"We will strive to make equity investments in line with business solutions, to maximize the satisfaction of stakeholders with different goals, and to create added value," the company statement said.