<article><a style="color: #000080;" href="http://www.dealstreetasia.com/stories/63251-63251/">Tokio Marine Capital</a> has announced the final close of its fifth mid-cap focused Japan buyout fund TMCAP2016 at $466 million (51.7 billion yen).</article>

<a style="color: #000080;" href="http://www.dealstreetasia.com/stories/63251-63251/">Tokio Marine Capital</a> has announced the final close of its fifth mid-cap focused Japan buyout fund TMCAP2016 at $466 million (51.7 billion yen).
The fund established in October last year with an initial commitment of $263.3 million (29.1 billion yen) bagged additional commitments from various institutional investors and <a style="color: #000080;" href="http://www.dealstreetasia.com/stories/public-pension-funds-seek-infrastructure-as-market-heats-up-44139/">pension funds</a> after the first closing earlier this year. The earlier close in January was at $363 million.
&#8220;The fundraising was terminated today as the total commitment exceeded the initial targeted fund size, $452.5 million (50 billion yen),&#8221; Tokio Marine said in an announcement on Wednesday.
The <a style="color: #000080;" href="http://www.dealstreetasia.com/stories/56998-56998/">Japan-focused</a> private equity firm will pursue investment opportunities for high-quality mid-cap Japanese companies and also concentrate on enhancing corporate value in existing portfolio companies, it said.
As an affiliated company of well known insurer Tokio Marine, the company looks for businesses that have shown they can survive in volatile and difficult market conditions. It believes that the business with a niche or strong market position can better maintain its profitability and competitive edge during expansion strategies to new markets.
The firm&#8217;s previous mid-cap buyout fund, TMCAP2011 which was worth 23.3 billion yen, was less than half the amount it has raised this time.
Last year in December, the PE firm bought manufacturer of chilled desserts and a distributor to convenience stores and supermarkets<a style="color: #000080;" href="http://www.dealstreetasia.com/stories/malaysia-icandy-ipo-oversubscribed-by-92-per-cent-raising-28814/"> Ropia Co Ltd </a>from the current fund TMCAP2016.
In the same year but from the previous fund TMCAP2011, it made investment into KEC, a system integrator which operates systems of robotic devices and jigs, provides automobile companies with integrated mass production lines that include industrial robots and control devices joined together, and system constructions. The same year, it also bought manufacturer of tools for electrical wiring and consumer electrical appliances Izumi Products Company.
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Tokio Marine Capital announces final close of mid-cap focused Japan fund at $466m

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Tokio Marine Capital announces final close of mid-cap focused Japan fund at $466m

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