Bain Capital expands Tokyo staff by 25% in 2020, seeks to hire more – Bloomberg

U.S. private equity firm Bain Capital LP boosted its headcount in Tokyo by 25% to more than 50 people in 2020 as it continues to see Japan as an attractive investment market amid the COVID-19 pandemic, Bloomberg News reported, citing an email from Managing Director David Gross-Loh.

The firm, which primarily hired investment professionals and is open to recruiting more people, injected over $2 billion into Japanese deals in 2020, according to the report.

The changing behavior of consumers during the pandemic and structural changes in healthcare services and delivery present longer-term opportunities for investors, Gross-Loh reportedly said.

Bain joins Carlyle Group Inc. and KKR & Co. Inc. in the Tokyo expansion, as businesses in Japan turn to private equity firms to bolster profit through divestments, management buyouts and other measures, Bloomberg added.

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