Polaris Capital Group has announced that its 3rd fund had the first closing on July 11th with approximately JPY 20 billion (USD 250 million) commitments from investors. Polaris III aims to raise between JPY 30 to 40 billion. According to the press release, Polaris I has realized almost two-thirds of investments and expects to achieve full exits in a couple of months. Polaris II is now fully invested.
http://www.polaris-cg.com/topics/20120730-E.pdf
July 31, 2012
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