New York, November 19, 2024, 12:58 ET - Japan's recovering economy and efforts to improve governance among local companies is increasing the interest of private-equity investors in the country, according to MCAM Advisers, a placement agent in London.
Buyout funds focused on Japan raised $7.9 billion this year through September, nearly 80% more than the $4.4 billion collected in all of last year, MCAM says. "A shift in the corporate governance culture in Japan, towards delivering shareholder value, also makes for a much more welcome market environment for [private-equity] funds," says managing director Lars Bjoergerd.
As an example, MCAM cites the roughly $2.8 billion that Carlyle raised for its latest and so far largest Japan-focused buyout fund, which the Washington, D.C.-based asset manager wrapped up earlier this year.
WSJ.com through Dow Jones Newswires (luis.garcia@wsj.com).