Harneys advises Mercuria Investment on the closing of its Cayman parallel fund as a part of aggregated JP¥44 billion buyout fund
Harneys advised Mercuria Investment Co. Ltd. in relation to the successful closing of Japan Industry Revitalization and Innovation L.P., a Cayman Islands exempted limited partnership buyout fund, a parallel fund to admit non-Japanese investors, as a part of valued at approximately JP¥44 billion.
The deal marks the first global fundraising attempt by Mercuria Investment under a parallel fund structure, set up by a Cayman exempted limited partnership alongside its flagship Japanese limited partnership. By doing so, the company has generated approximately JP¥44 billion of aggregate commitments.
Mercuria Investment manages alternative investment funds and seeks excess returns in low-liquidity sectors. Their foundation as a multi-strategy fund manager is built upon a diverse range of investment strategies. These strategies encompass growth investment, value investment, buyout/succession investment, real estate, cash flow investment in line with the macro environment, and new funds based on those strategies.
Partner Yucheng Fan led the Harneys team with assistance from Senior Associate Cherrie Wong. They collaborated with Simpson Thacher & Bartlett, who provided US and international law advice, and Mori Hamada & Matsumoto, who provided Japanese law advice.
Yucheng commented: “We are pleased to have been instructed on this transaction, which further illustrates our commitment to delivering high-quality legal services in complex cross-border matters. We look forward to supporting Mercuria Investment as they continue to innovate and expand their global reach, particularly in the Japanese mid-market buyout space.”
Harneys advises on all aspects of the life of BVI, Cayman, Cyprus, and Luxembourg funds, including formation, restructuring, and closure, both in planned and distressed scenarios. The firm has also established a dedicated offshore regulatory practice providing regulated clients with essential legal support.