Advent closes its doors in Tokyo

The private equity firm will shut its office in the capital city after failing to make a single investment from the Japan fund it raised three years ago

Advent International has revealed plans to close its Tokyo office after failing to make a single investment from the Japan-focused fund it raised three years ago.

Advent will close its Tokyo branch at the end of the month having carried out no deals using the ¥60bn (€523m) fund it raised in 2008, according to a spokeswoman for the firm. The fund was Advent's first pool of capital dedicated to Japan.

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