CLSA to launch Japanese operations with 40 bln-yen fund - report

TOKYO (XFN-ASIA) - CLSA Capital Partners will launch operations here by establishing a 40 bln-yen fund aimed at unlisted companies in the consumer goods and food businesses, the Nihon Keizai Shimbun reported, without citing any sources.

The newspaper said CLSA will set up a Japanese subsidiary, hiring former employees of US fund Carlyle Group and other firms.

Through the subsidiary, CLSA fund will invest in areas such as consumer products, electronic parts and retailing, and it aims to shell out 3-7 bln yen per investment, focussing on managerial buy-outs.

By the summer here, it also plans to set up a 33 bln-yen fund that will invest in Japanese firms that trade with other parts of Asia, such as shipping lines and shipbuilders, the Nikkei said.



(1 usd=112.10 yen)

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