CLSA Capital Partners’ $450 Million Closing of Sunrise IV Fund

Maples and Calder advised CLSA Capital Partners, the asset management business of CLSA, on the launch of Sunrise Capital IV investment funds and Lending Ark Asia Secured Private Debt Fund L.P..

Sunrise IV was significantly oversubscribed and closed in four months, in September 2020, at a hard cap. of US$450 million.  Sunrise Capital, a strategy of CLSACP, is a Japan dedicated mid-cap private equity fund and has raised approximately US$1.5 billion to date.

Lending Ark is CLSACP’s first secured private debt strategy and it held its final closing in December 2020 with capital commitments of US$226 million.  Together with Lending Ark, the secured private debt investment strategy platform manages a total of US$626 million, including target allocations from separately managed accounts established in conjunction with Lending Ark.  Lending Ark invests in high-quality and secured private debt opportunities across the Asia-Pacific region.  

The Maples and Calder Hong Kong team was led by Sharon Yap (Picture), a Partner in the Funds & Investment Management practice and was assisted by Associates Andrew Wood, Dan Won and Liisa Daniel-Dixon.

Involved fees earner: Andrew Wood – Maples and Calder (Ireland) LLP; Sharon Yap – Maples and Calder (Ireland) LLP;

Law Firms: Maples and Calder (Ireland) LLP;

Clients: CLSA Capital Partners;

Sonia Carcano

Author: Sonia Carcano