New Horizon may start second fund

Reuters UK – New Horizon Capital, a Japanese private equity firm, said it may start raising its second fund this year as it sees opportunities to make money from investing in struggling companies.

New Horizon has five potential transactions in its pipeline, Chief Executive Officer Yasushi Ando said at the Reuters Private Equity and Hedge Funds Summit in Tokyo.

New Horizon is seeking commitment of 20 billion yen (142.1 million pounds) from Japanese and overseas investors for its first fund, Ando said.

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