CITIC raised ¥18 billion for 2nd Japan fund

CITIC Capital Partners announced that its second Japan fund raised ¥18 billion ($200 million) from institutional investors at home and abroad. The fund targets Japanese small to mid-size companies who plan to accelerate business development in China. Using the broad network in China, CITIC has increased the value of portfolio companies. The fund made its first investment in Higashiyama Film Co., a Nagoya-based specialty film processor, and became the top shareholder (63.12%).