Morrison & Foerster's client Advantage Partners, Inc., a leading Japanese private equity firm, announced the final closing of its third Japan-focused buyout fund, with total commitments of 46.5 billion Yen ($415 million) on July 23, 2004.

 

The fund is comprised of a Japanese limited partnership and two Cayman Islands limited partnerships, with Japanese and non-Japanese investors, respectively. Morrison & Foerster was called upon to assist Advantage Partners two years ago when it decided to market the fund to non-Japanese investors. Since then, Morrison & Foerster has played a key role in the structuring and documenting of the Cayman limited partnerships, and negotiating through four closings with various investors, including those from Japan, the U.S, U.K., France, Holland, and the UAE.

 

The Morrison & Foerster team was led by Shanghai partner Charles Comey and and Tokyo Of Counsel Yukitoshi Uwatoko.