25 Nov 2025

ORIX and Qatar Investment Authority Close $2.5 Billion Japan Private Equity Fund

"Simpson Thacher represented ORIX Corporation in the formation and closing of QQCI Fund LP, a Japan-focused private equity fund capitalized at the Japanese yen equivalent of $2.5 billion by ORIX (60%) and Qatar Investment Authority (40%). The Fund will target Japanese companies with enterprise value of at least about $200 million, focusing on business succession, take-private and carve-out opportunities."

Simpson Thacher represented ORIX Corporation in connection with the formation and closing of QQCI Fund LP, a Japan-focused private equity fund capitalized by ORIX Corporation and the Qatar Investment Authority. The transaction involved the formation and closing of QQCI Fund LP at the Japanese yen equivalent of $2.5 billion. The Fund is fully capitalized by ORIX and Qatar Investment Authority, with ORIX providing 60% of the aggregate capital commitments and QIA providing 40%. The Fund will primarily invest in companies headquartered in Japan with an enterprise value of at least approximately $200 million, and will principally target business succession, take-private and carve-out opportunities. ORIX is a diversified multinational financial services group. ORIX Group is active worldwide across financing and investment, life insurance, banking, asset management, real estate, concessions, environment and energy, automobile-related services, industrial/ICT equipment, ships and aircraft. Simpson Thacher represented ORIX Corporation with a team composed by: David Azcue, Adam Furber, Nick Qiu, Mai Kristofferson, Xue Zhang and Yuhei Watanabe (Asia – Private Funds); Kathryn Stone, Andrew Purcell and Michael Leitner (Tax); and Jeanne Annarumma (ERISA).
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