clsaTokyo, 10 November, 2014 – CLSA Capital Partners is pleased to announce the final closing of the Sunrise Capital II (Sunrise II) private equity fund effective 24 October, 2014, with approximately US$210 million (at current exchange rates) in total commitments from a diverse and global base of limited partners from the U.S., Europe, and Japan.

Sunrise II, for which Megumi Kiyozuka serves as head of Japan, is the successor fund to 2006’s successful CLSA Sunrise Capital and employs the same strategy of actively pursuing buyout opportunities that promote the growth of small- and mid-cap Japanese companies. Sunrise II primarily seeks controlled buyout investments with a typical enterprise value of 5 to 15 billion yen, providing opportunities across various sectors by capitalising on companies’ unique technology, know-how, brands, services, and/or potential to expand in Asia.

As of today, Sunrise II has invested in two companies experiencing robust growth, a used-car auction operator and an IT consulting firm. The fund is planning to add five to six more companies to the portfolio over the next few years and is currently pursuing a number of attractive opportunities.

Diamond Dragon Capital Limited acted as placement agent for Sunrise II.