Private-Equity Vultures Fattened by Abenomics Cash: Japan Credit
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Japan’s private-equity funds, once disparaged as vultures, are attracting investments from banks flush with cash from Prime Minister Shinzo Abe’s stimulus.
New Horizon Capital Co. is considering raising more money and extending a fundraising deadline because of demand from lenders, Chief Executive Officer Yasushi Ando said. Integral Corp. plans a second fund by the end of August. Buyout funds raised 92 billion yen ($930 million) last year in Japan, the most in three years and a 53 percent jump from 2011, according to data from Japan Buy-Out Research Institute Corp.