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Research from Johns Hopkins Carey Business School suggests LPs considering large-cap PE funds may want to think twice.
The firm, which collected about $2.8bn for its fifth Japan fund earlier this month, keeps junior and mid-level staff motivated by ensuring they receive hands-on deal experience, Japan co-head Kazuhiro Yamada tells PEI.
The GP stakes giant is seeking $13bn for its sixth flagship, according to PEI data.
GPs are looking for strategic partners to help them address various challenges – something a GP stakes strategy can help achieve, say Adel Alderbas, CIO of Wafra, and Lauren Rich, managing director.
The San Francisco-headquartered firm has made investments in sports clubs such as the San Antonio Spurs, FC Barcelona and Real Madrid CF.
The soon-to-be listed manager’s flagship buyout fund series has amassed nearly €100bn since 1998.
The move would bring the Luxembourg-headquartered firm in line with peers Blackstone, KKR, Carlyle and EQT.
MBK's China portfolio posted a 45% gain last year, compared with 29% and 12% percent for Korea and Japan, respectively, founder Michael B Kim noted in a letter to LPs.
Japan’s private markets brace for greater levels of interest.
International GPs and LPs increasingly view Japan as one of the hottest growth markets for private equity as it gets lifted by macro tailwinds.