Simpson Thacher represented Nippon Investment Company (“NIC”) in connection with the formation of the NIC III Series Funds, which held their first and final closings on June 14, 2024, after less than four months in the market. Aggregate capital commitments to the NIC III Series Funds totaled JPY 63 billion. The NIC III Series Funds, which were oversubscribed, are the third Japan buyout series of funds served or managed by NIC. The funds commenced their investment activities in October 2024.
The Simpson Thacher team included Dave Azcue, Adam Furber, Michael Ceulen, Xue Zhang, Jingyi Wang, Mai Kristofferson, Jean-Baptiste Rioual and Siqi Zhao (Asia – Private Funds); Rony Rothken, Chuck Xu, Carolyn Houston and Sophie Gandler (New York – Private Funds); Alex Henry (Houston – Private Funds); Nancy Mehlman, Adam Hersch and Elizabeth Trask (Tax); Makiko Harunari, Anuj Shah and Atsushi Usui (Credit); Owen Lysak, Nicholas Westbrook, Seungyeon Anderson, Kristians Butins, Camilla Gelson-Thomas and Seji Choi (London – Private Funds); Caleb McConnell and Daniel Griffiths (London – Tax); Jeanne Annarumma (ERISA); and Leah Malone (ESG).