Japanese private equity firm Nippon Sangyo Suishin Kiko has closed its second fund at 60 billion Japanese yen (approximately $530 million). The limited partners of NSSK II include institutional investors from North America, Europe, and Asia. Eaton Partners was the adviser and placement agent.
TOKYO, Oct. 2, 2017 /PRNewswire/ — Nippon Sangyo Suishin Kiko (“NSSK”), a leading Japanese private equity firm targeting control acquisitions of quality middle market companies, announced today that it has completed a final closing this month for NSSK II, with total investor commitments of JPY60 billion.
The oversubscribed investment partnership experienced significant demand with support from a diverse range of institutional investors from North America, Europe, and Asia. Eaton Partners, a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), served as international advisor and exclusive placement agent to NSSK in the offering of NSSK II.
“We are honored to have received tremendous support from such a quality group of investors,” said Jun Tsusaka, Founding Member and Managing Partner of NSSK. “With the closing of NSSK II, we are very well positioned and appropriately resourced to continue to pursue the investment strategy successfully executed by our senior team over the past decade. Our mission is to build a best-in-class investment firm to generate superior returns on our investments.”
“It was a privilege to work with NSSK. Tsusaka-san has built a first class organization. It’s rare to find such a pedigreed and experienced team that at the same time is so passionate, tenacious and hands-on,” said Chris Lerner, Partner and Head of Asia at Eaton Partners. “NSSK is representative of a new breed of independent private equity manager applying global best practices to the middle market in Asia. The successful closing of NSSK II is a testament to the firm’s quality, reputation and track record as a leading investor and value added partner in Japan.”
NSSK was formed with the vision of creating a home grown, independent private equity firm founded on global best practices and a true value added operational model with the purpose of addressing the unmet needs and unlocking the growth prospects of leading middle market businesses in Japan. NSSK will provide expansion capital, critical business processes for operational improvement and management talent from its broad network of domestic and international operating executives. For more information, please visit www.nsskjapan.com
About Eaton Partners, LLC
With over 70 professionals across eight offices in North America, Europe, and Asia, the firm raises institutional capital for investment managers across a full range of alternative strategies: private equity, private credit, real assets, real estate, and hedge funds/public market strategies. Since 1983, the firm has participated in raising over $75 billion of institutional capital across more than 100 highly differentiated alternative investment funds and offerings, including limited partnership interests, general partner interests, co-investments and direct investment opportunities. Our extensive institutional relationships, deep sector knowledge, fresh insights, and dedication to every client’s success have led us to win Private Equity International’s “Placement Agent of the Year in Asia” for the past two years. In January 2016, Eaton Partners became a wholly owned subsidiary and affiliate of Stifel Financial Corp., a leading middle-market investment bank, to further ensure Eaton’s success at the highest level of the global placement business.