The Longreach Group closes Longreach Capital Partners 4 at JPY 78 billion

The Longreach Group has announced the final closing of the funds comprising Longreach Capital Partners 4 (“LCP4”), sized with total commitments of JPY 78 billion. This compares with the JPY 65 billion fund size of the predecessor fund, Longreach Capital Partners 3.

Taking advantage of strong demand from existing and new investors, Longreach received commitments from a diverse and high quality group of global Limited Partner investors. Investor geographies were well balanced across Japan, North America, Europe and nonJapan Asia. Investor types were well diversified across Corporate and Government Pensions, Sovereign Wealth Funds, Financial Institutions and Funds of Funds.

Through LCP4, Longreach will continue its well-established strategy of focusing on Japan related control buyout investments. LCP4 continues Longreach’s investment focus on the mature industrial and technology, business services and consumer related sectors. Corporate carve-out, founder succession and bolt-on platform building buyouts also remain a core focus. Consistent with this strategy, as at the final closing Longreach had deployed LCP4 into its first three buyout investments.

“On behalf of the entire Longreach team, we are truly appreciative of the strong support from our existing Limited Partners and of the trust placed in us by new LPs who committed in this fundraising. We also appreciate the engagement with those LPs unable to close within the LCP4 fundraising deadline but with whom long term relationships have been deepened. We are especially pleased to close LCP4 with a high quality and well diversified LP base. We also have aligned the fund size to remain clearly on-strategy as a leading mid-cap buyout fund, focused on an attractive market segment.” said Mark Chiba, Longreach’s Group Chairman and Partner.

Asante Capital acted as international fundraising advisor, and Crosspoint Advisors and DBJ Securities acted as Japan fundraising advisors. Gibson Dunn, Maples and Calder and Nishimura & Asahi acted as legal counsel.

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