Japan Technology Fund Created

CDP Capital Communications, a unit of Canadian asset manager Caisse de dépôt et placement du Québec, and H&Q Asia Pacific Ltd. have set up Japan Technology Fund, LP, a US$200 million private-equity fund, for investing in Japanese technology, telecommunications and media companies.

The fund will be invested during the next two to three years and co-managed by US-based H&Q Asia Pacific and CDP Capital Communications.

H&Q Asia Pacific will match each dollar invested by the US$200 million fund with a dollar from its existing US$750 million Asia Pacific fund. That effectively earmarks US$400 million that H&Q Asia Pacific and its partner, CDP Capital Communications, will invest in Japanese technology companies during the next few years.

Claude Bergeron, Vice-President, Legal at Caisse de dépôt et placement du Québec and Paul Harris and Marie-Christine Lemerise of Davies Ward Phillips & Vineberg LLP represented CDP Capital Communications. H&Q Asia Pacific was represented by Prakash Mehta and Christopher Roberti of Clifford Chance Rogers & Wells LLP (Washington).

Lawyer(s)

Paul Harris Marie-Christine Lemerise Prakash Mehta

Firm(s)

Davies Ward Phillips & Vineberg LLP Clifford Chance Rogers & Wells LLP