Adam Furber~~David Azcue~~Michael Ceulen~~Xue Zhang~~Peter Thomas~~(Karen) Kristofferson~~Brian Mendick~~Makiko Harunari~~Atsushi Usui~~Anuj Shah~~Jeanne Annarumma~~Spencer Sloan
January 24, 2026
Sunrise Capital Closes Sunrise Capital IV at $450 Million Hard Cap

1 min
AI-made summary
- Simpson Thacher advised CLSA Capital Partners on the formation of Sunrise Capital IV, the fourth Japan buyout fund managed by Sunrise Capital
- The fund held its first and final close on September 23, 2020, reaching its hard cap of $450 million after four months in the market and was oversubscribed despite the COVID-19 pandemic
- The Simpson Thacher team included lawyers from various practice areas and offices.
Simpson Thacher advised CLSA Capital Partners, the asset management arm of CLSA, in connection with Sunrise Capital’s fourth Japan buyout fund, Sunrise Capital IV (“Sunrise IV”), which held its first and final close on September 23, 2020. Sunrise IV, which was oversubscribed, reached their hard cap of $450 million after four months in the market, despite the challenges of the COVID-19 pandemic.~~CLSA Capital Partners is a leading Asia-Pacific private equity firm with offices in Hong Kong, Singapore and Tokyo.~~The Simpson Thacher team included Adam Furber, David Azcue, Lily Rasel, Michael Ceulen, Xue Zhang, Lillian Kwok, Peter Thomas, Brendan Harvey, Mai Kristofferson and Li Jiang (Asia—Private Funds); John Creed, Brian Mendick and Abigail Hopper (Tax); Makiko Harunari, Atsushi Usui and Anuj Shah (Credit); Jeanne Annarumma (ERISA); Paul Dodd (London—Private Funds); and Keith Noreika, Adam Cohen and Spencer Sloan (U.S. Regulatory).
Article Author
Adam Furber~~David Azcue~~Michael Ceulen~~Xue Zhang~~Peter Thomas~~(Karen) Kristofferson~~Brian Mendick~~Makiko Harunari~~Atsushi Usui~~Anuj Shah~~Jeanne Annarumma~~Spencer Sloan
The Sponsor
