Private equity firm Integral Corp is aiming to launch a find of around $3.3bn in the next four to five years by leveraging the funds it raised in an initial public offering in Tokyo last month, according to a report by Bloomberg.
The report cites Reijiro Yamamoto, the firm’s representative director, as revealing that the Tokyo-based firm is planning to plow the proceeds of the IPO, which raised JPY11.6bn, directly into its own funds, which it hopes will help attract more outside investors and also provide portfolio companies a better sense of security.
“With the additional funding, we can afford to do everything we wanted to do, including entering new assets and increasing our own capital investment,” Yamamoto said in an interview earlier this month.
Integral is planning to start raising its fifth fund, which will target over JPY200bn ($1.3bn) by the end of the year, and is aiming for JPY500bn for its sixth fund within five years.
The firm, which was founded in 2007, is also planning to widen the scope of its investment to include real estate and infrastructure.
