<article>Japan-based <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=polaris" target="_blank" rel="noopener noreferrer">Polaris Capital Group Co Ltd (Polaris)</a> has closed its Polaris Fund IV (Polaris Private Equity Fund IV LP) raising up to $668.49 million (¥75 billion).</article>

Japan-based <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=polaris" target="_blank" rel="noopener noreferrer">Polaris Capital Group Co Ltd (Polaris)</a> has closed its Polaris Fund IV (Polaris Private Equity Fund IV LP) raising up to $668.49 million (¥75 billion).
Managed by Polaris as general partner, the Polaris Fund IV completed its fund raising just one week after the offshore funds advised by the firm&#8217;s Singapore subsidiary finished their fundraising process with total commitments of ¥37.35 billion.
The oversubscribed ¥75 billion aggregate commitments among these funds was reached in just several months, the shortest ever for Polaris. As a result, the firm&#8217;s cumulative capital raised reached ¥200 billion.
Polaris Fund IV was launched in the fourth quarter of 2016 targeting investors across the globe.
&#8220;Receiving strong interests from Japanese and overseas investors exceeding the hard cap of the commitments to the funds, we could finalise the commitments exactly at the hard cap amount,&#8221; Polaris said in its statement.
Polaris founder, president and CEO Yuji Kimura recently said the primary investment focus of the new fund will continue to be on Japanese companies in manufacturing with globally competitive technologies/patents and in consumer goods, retail, logistics and other services possessing strong brands or unique business models with potential to expand into the overseas markets.
Since its inception, Polaris has invested in about 30 Japanese companies with a persistent focus on business succession from individual owners and carve-out from large conglomerates.
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Managed by Polaris as general partner, the Polaris Fund IV completed its fund raising just one week after the offshore funds advised by the firm's Singapore subsidiary finished their fundraising process with total commitments of ¥37.35 billion.

Japan: Polaris closes $668.49m private equity fund IV

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Japan: Polaris closes $668.49m private equity fund IV

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