InforCapital
FundVintage 2024Updated Feb 22, 2026
C

Carlyle Japan Partners V

Carlyle Japan Partners V: vintage 2024.

About This Fund

Carlyle Japan Partners V (CJP V) is The Carlyle Group's fifth Japan-focused buyout fund, achieving a final close at ¥430 billion (approximately $2.8 billion USD), marking it as the largest Japan-focused buyout fund to date. This fund represents a significant increase of nearly 70% over its predecessor, reflecting strong investor confidence and demand from both domestic and international limited partners. CJP V continues Carlyle's established strategy of investing in upper middle-market opportunities within Japan. The fund focuses on sectors such as Technology, Media, and Telecom (TMT); Consumer, Retail, and Healthcare (CRH); and General Industries (GIG). Investment approaches include succession transactions, corporate carve-outs, and strategic take-private deals, aiming to support companies through transitions and growth phases. With over two decades of experience in the Japanese market, Carlyle leverages its local expertise and global resources to identify and nurture investment opportunities. The firm's commitment to Japan is underscored by its plan to expand its local investment team, ensuring robust support for portfolio companies and sustained value creation for investors.

Manager Details

Manager Location
Japan
Manager Address
Shin-Marunouchi Building 1-5-1, Marunouchi, Chiyoda-ku Tokyo Japan

Fundraising Details

Currency
JNY
Final Close Date
May 21, 2024
Total Raised to Date
$2.8B

Investment Criteria

Target Investment Size
$129M – $323M

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