Polaris had started the fund-raising activities, aiming to launch the largest fund amount in the past for domestic and overseas investors in 2019 and successfully launched the 5th fund with a hard cap of JPY150 billion in November 2019, although we had an unexpected hindrance to our fund-raising activities due to the COVID-19. In addition to re-up by existing investors, it is a great honor to be able to welcome many new well-known investors from both domestic and overseas even under such difficult circumstances with the COVID-19. Upon completion of the offering of the 5th fund, an investment fund with a cumulative amount of JPY350 billion has been established. I would like to thank you for your support which has enabled us to achieve the five rounds of successful fundraising within a short period since 2004 and secure the position of a leading firm in the Japanese buyout fund market.
Thanks to our investors, Polaris will mark the 17th anniversary this September. Since founded, we have invested in more than 30 Japanese companies with the following investment themes, Business Succession from individual owners, Carve-out from large conglomerates and Going Private. Our primary investment focus of the 5th fund will continue to be on Japanese companies in manufacturing with globally competitive technologies/patents and in consumer goods, retail, logistics and other services possessing strong brands or unique business models with potential to expand into the overseas markets.
There are many Japanese mid-cap enterprises which have not yet realized their full potential due to legacy assets or constraints. Polaris wishes to work with such Japanese companies as a sponsor and assist them to overcome those obstacles and achieve Business Model Innovation including digital transformation by streamlining business structure, improving management effectiveness, strengthening financial standings and as a result increase the enterprise value. In terms of the location, Polaris, the only private equity firm with an office in Osaka, intends to put more effort in identifying attractive investment opportunities in Kansai area. On the overseas front, Polaris intends to support the global expansion of its portfolio companies through its Singapore subsidiary.
One of Polaris’s major missions is to revitalize the Japanese economy and contribute to Japanese society, through assisting Japanese companies to advance into the global market with their unique technologies and brands and creating a new capital flow via funds in Japan. As a leading firm in the private equity market, Polaris continues to be committed to providing the best and high value added services to its clients as a fair and diligent intermediary, contributing to the growth of Japanese industries and achieving the happiness and fulfilment of each Polaris member. Your kindest and unchanged support into the future would be greatly appreciated.
Founder, President & CEO
Polaris Capital Group Co., Ltd.