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CITIC Capital Close of Second Japan Buyout Fund and Two New Investments

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According to the press release, “CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Limited (“CITIC Capital”), today announces the successful closing of its second Japan buyout fund CITIC Capital Japan Partners II, L.P. (“CCJP II”) and the closing of two new investments, Higashiyama Film Co. Ltd. and Tri-Wall K.K. CCJP II has secured total capital commitments of over JPY18 billion. Similar to its predecessor fund, CCJP II targets buyouts of middle-market Japanese companies, particularly those with substantial operations or growth potential in China.

Mr. Yichen ZHANG, Chief Executive Officer of CITIC Capital, stated: ‘We are delighted by the strong support we have received from both existing and new investors. We believe their support is a validation of the tremendous investment opportunity which exists to assist outstanding Japanese companies in their international expansion, particularly to China. We look forward to continuing to build our Japan franchise and to delivering strong China value-added to our first two investments in this new fund.'”

Read more: CITIC Capital Press Release

HKMA and TRS Participates in Investment in Kakao Mobility

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Private equity firm TPG led a group of investors to acquire a minority ownership stake in Kakao Mobility Corporation, a South Korean taxi hailing service provider. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Meraas Holding Names Former KIO Executive as CEO

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Osama Al-Ayoub, the former CEO and President of the Kuwait Investment Office (KIO), was hired by property firm Meraas Holding to be its chief executive officer. KIO is a London-based unit of the Kuwait Investment Authority (KIA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Mumtalakat Contemplates Investing in SoftBank Vision Fund

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Bahrain-based Mumtalakat Holdings is interested in joining a chorus of sovereign funds committing capital to Japan-based SoftBank Group’s Vision Fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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