Adam Furber~~David Azcue~~Xue Zhang~~Michael Ceulen~~Makiko Harunari~~Alvin Kwong~~Jeanne Annarumma
January 24, 2026
Aspirant Group Raises ¥50 Billion for the AG III Series Funds

1 min
AI-made summary
- Simpson Thacher advised Aspirant Group, Inc
- on the formation of the AG III Series Funds, a ¥50 billion fund series focused on investments in small- and mid-cap companies in Japan
- This marks the third Japan buyout fund series managed by Aspirant Group and the first to include non-Japanese investors
- The legal team from Simpson Thacher covered areas such as private funds, tax, credit, and ERISA in the transaction.
Simpson Thacher represented Aspirant Group, Inc. in connection with the formation of the AG III Series Funds, a ¥50 billion fund series targeting investments in small- and mid-cap companies in Japan. The AG III Series Funds are the third Japan buyout fund series served or managed by Aspirant Group and their first with non-Japanese investors.~~The Simpson Thacher team included Adam Furber, David Azcue, Lily Rasel, George Hang, Xue Zhang, Michael Ceulen, Jihye (Sophie) Lee and Lilian Kwok (Asia – Private Funds); Morgan Otway (Tax); Makiko Harunari and Alvin Kwong (Credit); Brian Robbins and Jeanne Annarumma (ERISA); and Paul Dodd (London – Private Funds).
Article Author
Adam Furber~~David Azcue~~Xue Zhang~~Michael Ceulen~~Makiko Harunari~~Alvin Kwong~~Jeanne Annarumma
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