Japanese private equity firm Aspirant Group Inc has closed its third fund at a hard cap of 50 billion yen. The fund’s investors included several global fund of funds, major financial institutions, pension plans, asset managers and family offices. Monument Group was the placement agent.
TOKYO, November 1, 2019 – Monument Group, one of the industry’s leading placement agents, was engaged by Japanese middle-market buyout firm Aspirant Group, Inc. (“Aspirant”) to raise offshore capital for Aspirant Group III Series Funds* (“AG III”). AG III had its final close at the hard cap of ¥50 billion in commitments after only seven months of formal marketing.
AG III was the first global institutional fund raised by Aspirant and commitments were secured from European and U.S. investors, and several global fund of funds, as well as major Japan institutional investors. Investors included major financial institutions, pension plans, asset managers, and family offices. AG III closed on October 31, 2019.
“The successful fundraise of AG III demonstrates a clear interest in the Japanese buyout market from the international investing community,” said Kay Sano, Representative Director, Monument Group. “It was a pleasure to leverage our long standing investor relationships to support Aspirant in this effort.”
“With a global footprint and strong presence in Asia, Monument Group proved an ideal partner for our first international fundraise,” said Akitoshi Nakamura, Chief Executive Officer, Aspirant Group, Inc. “With the raise of AG III, we are very well positioned to build on Aspirant’s established record of sourcing, executing, managing and realizing investments in Japan’s vibrant middle market. We thank our new and returning investors for their confidence in Aspirant, and extend our gratitude to Monument Group for their guidance in this fundraise.”
Monument Group served as the exclusive placement agent to Aspirant Group.
About Aspirant Group
Founded in 2012, Aspirant Group is an operationally-focused, deep value Japanese middle-market buyout firm specializing in business successions, corporate carve-outs and turnarounds. The firm primarily targets the business services, industrial technology and consumer sectors. Aspirant has a complementary and cohesive team of 21 investment and dedicated operating professionals with decades of combined experience. For more information, visit www.aspirantgroup.jp.
About Monument Group
Monument Group is a leading, independent private fund placement agent managed by a senior team with significant buy-side investment heritage. Since its inception in 1994, Monument Group has assisted a range of general partners around the world to raise 100 funds, totaling more than $101 billion of equity. These clients represent a broad variety of investment strategies including buyouts, debt, distressed, energy and natural resources, growth, infrastructure and real estate. Monument Group has offices in Boston, London, Hong Kong and Tokyo. Monument Group 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.