Japanese financial services group Orix Corp has partnered with the Qatar Investment Authority (QIA) to launch a $2.5bn Japan-focused private equity fund, targeting succession-driven deals and corporate carve-outs across the country’s mid- to large-cap market, according to a report by Reuters.
The reports cites a statement released on Tuesday as revealing that Orix will hold a 60% stake in the new fund management company, with QIA owning the remaining 40%. The fund will focus on Japanese businesses undergoing leadership transitions, public-to-private transactions, and divestitures of subsidiaries or business units.
Each investment will have a minimum ticket size of JPY30bn ($200m), Orix said.
Japanese media outlet Nikkei reported earlier that the fund’s total capacity could eventually exceed JPY1tn ($6.6bn), depending on future commitments.
