Monument Group Advises Sunrise Capital on US$450 Million Fundraise
HONG KONG and TOKYO, September 22, 2020 – Monument Group, one of the industry’s leading private placement agents and capital advisory firms, has advised Sunrise Capital on raising Sunrise Capital IV (“Sunrise IV”). The fund, which was significantly oversubscribed, closed in three months at its hard cap of US$450 million of commitments. Sunrise Capital, a strategy of CLSA Capital Partners, is a Japan-dedicated mid-cap private equity fund.
“Monument Group’s familiarity with Sunrise Capital, and their experience working with sophisticated investors in Asia and around the world, proved instrumental in the speed and success of this fundraise,” said Megumi Kiyozuka, President & Representative Director at CLSA Capital Partners (Japan) KK. “We would like to thank our investors for their commitment to Sunrise Capital. With this additional capital, we will continue to pursue our dedicated private equity strategy of acquiring well-established Japanese mid-cap companies with strong growth potential, and to focus on unique investment opportunities created by COVID-19.”
Sunrise IV’s investor base is comprised of leading financial institutions, including funds of funds, endowments, foundations and family offices from Japan, wider Asia, North America and Europe. In addition to commitments from a select group of new investors, Sunrise IV received strong support from existing investors, which accounted for 82% of the total number of investors committing to Sunrise IV.
“Sunrise Capital is a key component of CLSA Capital Partners’ Asia-focused multi-strategy platform,” said Shota Kuwaki, Director at CLSA Capital Partners (Japan) KK. “The overwhelming investor interest in Sunrise IV is indicative of investors’ enthusiasm for a Japan-dedicated buyout strategy. Our sincere gratitude to Monument Group for their guidance and support to the Sunrise team in this all-virtual fundraising effort.”
“Due to COVID-19 restrictions, this was the first virtual fundraise on which Monument Group advised and it could not have gone more smoothly,” said Niklas Amundsson, a Partner at Monument Group. “The raise was very quick, with many high-quality new and returning investors, indicative of their confidence in Sunrise and the continuing interest in mid-market opportunities in Japan. We thank the Sunrise team for the privilege of once again assisting them with a capital raise.”
In addition to Sunrise Capital IV, Monument Group advised Sunrise Capital on the raising of its predecessor fund, US$400 million Sunrise Capital III (2017).
About Sunrise Capital
Sunrise Capital, a Japan-dedicated private equity strategy of CLSA Capital Partners, capitalizes on opportunities in the mid-cap buyout sector. Sunrise Capital has developed a unique “body-on” approach, which includes seconding professionals to assist portfolio companies in realizing their growth potential and supporting their overseas expansion through CLSA’s global network. Sunrise Capital has raised approximately US$1.5 billion to date and completed investments in approximately 30 companies including both standalone and follow-on investments since its establishment in 2006.
About CLSA Capital Partners
CLSA Capital Partners is the asset management business of CLSA, Asia’s leading capital markets and investment group. Established in 1995, CLSA Capital Partners manages a diversified range of strategies including private equity, real estate, credit and transportation and real assets. From eight offices across Asia-Pacific including Hong Kong, Singapore and Tokyo, the firm’s experienced investment teams aim to generate attractive returns for clients while ensuring sustained value creation for portfolio companies and investment partners. For more information, visit www.clsacapital.com. For more information about CLSA visit www.clsa.com.
About Monument Group
Founded in 1994, Monument Group is one of the foremost, independent full-service advisors and fundraising partners in the alternative investment industry with offices in Boston, London, Hong Kong and Tokyo. We raise institutional capital for commingled funds, co-investment and special-purpose vehicles. We advise on liquidity solutions over a firm’s lifecycle, including recapitalizations, and assist with portfolio rebalancing and other strategic solutions for both general and limited partners around the world. Our depth and diversity of experience and the long-standing tenure of our team are hallmarks of Monument Group’s enduring success since the firm’s founding. Since its inception, Monument Group has raised more than US$108 billion of equity for buyouts, debt, distressed, energy and natural resources, growth, infrastructure and real estate. Monument Group’s also has a strategic alliance with boutique secondaries advisor Mozaic Capital. For more information on Monument Group’s primary and secondary capabilities, visit www.monumentgroup.com.
Monument Group, Inc., is a member of the Financial Industry Regulatory Authority (FINRA); Monument Group Europe LLP is authorized and regulated by the U.K. Financial Conduct Authority; Monument Group, L.P. is licensed as a Type II Financial Instruments Dealer in Japan; Monument Group (HK) Limited is licensed to conduct Type 1 regulated activities in Hong Kong.
