Simpson Thacher represented D Capital, Inc. (“D Capital”) in connection with the formation of D Capital II, L.P., which held its first and final closing on March 10, 2025, after four months in the market. Aggregate capital commitments to the D Capital II Series Funds, which held its final closing on April 1, 2025, totaled JPY 67 billion. The D Capital II Series Funds, which were oversubscribed, are the second Japan buyout series of funds served or managed by D Capital, a leading Japanese private equity firm operating under the concept of “Digital Transformation (“DX”) x Buyout.”
The Simpson Thacher team included David Azcue, Adam Furber, Nick Qiu, Mai Kristofferson, Lois Zhang and Angela Deng (Asia – Private Funds); Benjamin Rippeon, Jacqueline Clinton and Jiha Min (Tax); Makiko Harunari and Atsushi Usui (Credit); Stephanie Biggs, Owen Lysak, Camilla Gelson-Thomas and Lucy Jack (London – Private Funds); Rony Rothken (New York – Private Funds) and Jeanne Annarumma (ERISA).