The original Japan-focused international private equity and venture capital event, the AVCJ Japan Forum is unrivalled as the most influential gathering of domestic Japanese and international institutional investors, fund managers and service providers since its inception in 1999.
This year, AVCJ Japan Forum will celebrate its 20th anniversary with a thorough program that combines editorially driven topics, distinguished speakers, deep industry knowledge, and superb organization into a highly anticipated event that predicts trends, creates strategies and forges lasting partnerships.
The premier private equity & venture forum in Japan
Be part of the conversation – key reason to attend:
Identify the geographies and sectors that the world’s leading GPs are betting on in 2019
Debate strategies for managing the risk of outside forces on the industry
Learn how investors in innovation are uncovering the ideas that will capture growth
Discover the latest Alternative investment options for LPs
Uncover the outlook for carve-outs and mega deals in 2019 and beyond
Find out how mid-market GPs plan to source deals amid increased competition and valuations
Hear experienced LPs share their strategy for building and managing an alternatives portfolio
Every year we are amazed with the heated environment that AVCJ is able to nurture by bringing together fund managers and investors. It provides a great occasion for us to learn about evolving best practices and exchange ideas with industry participants.
Megumi Kiyozuka Managing Director / Head of Japan CLSA CAPITAL PARTNERS JAPAN KK
AVCJ Japan has been instrumental with the growth of PE industry in Japan. It is a unique place for thought leaders from both LP and GP sides to connect and discuss key issues.
Tatsuo Kawasaki, Partner, UNISON CAPITAL
Organisations that attended the Forum previously include:
500 Startups Japan
Adams Street Partners
Aflac Asset Management Japan
Akebono Asset Management
Alternative Investment Capital
Ant Capital Partners
Ant Global Partners
Antelope Career Consulting.
Aon Risk Solutions
Apollo Global Management
Aramco Asia Japan
Ark Totan Alternative
Asset Management One
Axiom Asia Private Capital
Baring Private Equity Asia
BC Partners Advisors
BlueBay Asset Management International
Brightrust PE Japan
Brookfield Asset Management
Brown Brothers Harriman Securities
Clearwater Capital Partners
CLSA Capital Partners
CVC Capital Partners
Daido Life Insurance Company
DBJ Asset Management
Development Bank of Japan
Diamond Dragon Advisors
eFront Hong Kong
European Investment Fund
Fuji Xerox Pension Fund
Fujitsu Pension Fund
Fuyo General Lease
Globis Capital Partners
Government Pension Investment Fund (GPIF)
HarbourVest Partners (Japan)
HC Asset Management
Innovation Finders Capital
Innovation Network Corporation of Japan
International Christian University
International Financial Corporation
JA Mitsui Leasing
Japan Bank of International Cooperation (JBIC)
Japan Industrial Solutions
Japan Post Bank
Japan Post Insurance
Japan Post Investment Corporation
Japan Venture Philanthropy Fund
Kanto IT Software Pension Fund
Khaitan & Co.
King & Spalding
KKR Capital Markets Japan
Korea Investment Corporation
KPMG TAX Corp.
Manulife Insurance Company
Mercury Capital Advisors Asia
Millennium 7 Capital
Mitsubishi Corporation Asset Management
Mitsubishi UFJ Morgan Stanley Securities
Mitsubishi UFJ Trust and Banking
Mitsui & Co.
Mitsui & Co. Alternative Investment Limited (MAI)
Mitsui & Co., Pension Fund
Mitsui & Co., Principal Investments
Mitsui Sumitomo Insurance
Mizuho Global Alternative Investments
Mizuho Securities Principal Investment
Mizuho Trust & Banking
Mori Hamada & Matsumoto
National Federation of Mutual Aid Associations for Municipal Personnel
New Frontier Capital Management
New Horizon Capital
NewQuest Capital Partners
Next Orbit Venture Fund
Nihon Unisys Pension Fund
Nippon Life Insurance Company
Nippon Sangyo Suishin Kiko
Nissay Asset Management
Nomura Asset Management
Nomura Funds Research and Technologies Japan
Nomura Trust and Banking
Norinchukin Trust & Banking
Noritz Corporate Pension Fund
NSSK Chubu Hokuriku GenPar G.K.
Ontario Teachers' Pension Plan
Organization for Small & Medium Enterprises and Regional Innovation Japan
Partners Group AG
Pavilion Alternatives Group
Pension Fund Association (PFA)
Pension Fund Association for Local Government Officials
Ping An Japan Investment
Providence Equity Partners
Rising Japan Equity
S&P Global Market Intelligence
SECOM Corporate Pension Fund
Secom Pension Fund
SEIRYU Asset Management
Sen Family Office
Shinkin Central Bank (SCB)
Silver Spoon Advisors
Simpson Thacher & Bartlett
Social Impact Investment Foundation
Social Investment Partners
SoftBank Investment Advisors
SoftBank Vision Fund
Sompo Japan Nipponkoa Insurance
Sony Pension Fund
Stanley Corporate Pension Fund
Stone River Capital LLC
Strait Capital Investment Group
Sumitomo LIfe Insurance Company
Sumitomo Mitsui Asset Management
Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Trust Bank
T&D Asset Management
Tata Opportunities Fund
Terra Firma Capital Partners
The Bank of Tokyo-Mitsubishi UFJ
The Bank of Yokohama
The Blackstone Group Japan K.K.
The Carlyle Group
The Dai-Ichi Life Insurance
The Gibraltar Life Insurance
The Hyakugo Bank
The Longreach Group
The Norinchukin Bank
The San-In Godo Bank
The Shizuoka Bank
The Toho Bank
The Tokyo Star Bank/li>
The Wall Street Journal
Tokio Marine & Nichido Fire Insurance
Tokio Marine Asset Management
Tokyo University of Science
Venture Enterprise Center, Japan
Vista Equity Partners
Warburg Pincus Asia
... and many others!
CERTIFIED BY THE CPD CERTIFICATION SERVICE
AVCJ Japan Forum is now a CPD certified event
10 CPD points can be claimed after attending the Forum
Goldman Sachs Asset Management is one of the world's leading asset managers, with over 2,000 professionals across 33 offices worldwide. Within GSAM, the Alternative Investments & Manager Selection (AIMS) Group manages strategies across leading private equity, hedge fund, real estate, ESG, credit and public market managers, investing as a limited partner, secondary-market investor, seed-capital provider, direct company co-investor, or management company partner. We manage globally diversified programs, sector-specific strategies, customized portfolios, and a range of advisory services, extending our global capabilities to some of the world's leading sovereign wealth funds, pension plans, governments, financial institutions, endowments, foundations, and family offices, for which we invest or advise on over $200 billion of investments.
Lexington Partners is a leading global alternative investment manager primarily involved in providing liquidity to owners of private equity and other alternative investments and in making co-investments alongside leading private equity sponsors. Lexington Partners is the largest independent manager of secondary acquisition and co-investment funds with more than $38 billion in committed capital. Lexington has acquired over 2,900 secondary and co-investment interests through 780 transactions with a total value in excess of $46 billion, including $12 billion of syndications. Lexington also invests in private investment funds during their initial formation and has committed to more than 390 new funds in the U.S., Europe, Latin America, and the Asia-Pacific region. Lexington has offices strategically located in major centers for private equity and alternative investing – New York, Boston, Menlo Park, London, Hong Kong, and Santiago. Lexington also has senior advisors located in Asia, Australia, and Latin America, and the United States.
Polaris Capital Group is an independent fund management firm which has been engaged in carve-out, business succession, and MBO specifically for small to mid-cap companies in Japan, for the last 15 years since its inception in September 2004. To this date, Polaris has raised around JPY200 Billion in total through 4 fund raisings in and outside of Japan, and invested in over 30 Japanese companies until now. Also, we are the only private equity firm with an office in Osaka, intends to put more effort in identifying attractive investment opportunities in the western Japan.
There are many Japanese mid-cap enterprises which have not yet realized their full potential due to so-called ‘Shigarami’ - legacy assets or constraints, as commonly seen in Japanese companies. Upholding investment missions to ‘Revive entrepreneurial spirits’ and ‘Promote business model innovation’, in order for our portfolio companies to combat such obstacles, Polaris will continue to extend support to them by assuming controlling shareholder position, so that they could overcome such ‘Shigarami’ to deliver their enhanced enterprise values underpinned by non-linear and organic business growth. Polaris also supports global expansion of its portfolio companies through our Singapore subsidiary.
Lastly, but not least importantly, Polaris is scheduled for another fund raising in the last half of this year – Our 5th fund raising in and outside of Japan, in view of ever growing demand from small to mid-cap enterprises in Japan for business succession and carve-out buyouts, which is accompanied by rising investor’s appetite for alternative investment.
KPMGis a leading provider of Audit, Tax and Advisory services to private equity worldwide. We respond to business challenges facing private equity with a global perspective and local knowledge spanning industry sectors. Our high-performing people mobilise around our clients, using our expertise to deliver informed perspectives and clear solutions that our clients and stakeholders value.
The KPMG Private Equity group brings together our leading transaction advisory, deal origination, operational value creation, and tax professionals who work full time helping private equity funds to achieve their goals. We combine industry expertise with a deep understanding of the requirements of private equity as we search out the value enhancing attributes of each deal and provide integrated support over the entire investment cycle.
KPMG Private Equity professionals help clients execute deals with greater insight, speed, and decision-making quality. Post investment, we help private equity funds and their portfolio companies identify and execute on value growth opportunities in a diverse range of areas such as aligning IT strategy with the business model, optimizing working capital and operating processes to unlock cash and grow earnings, digitally transforming the business to leverage new technologies, and many others. Depending on the exit route, we also help prepare companies for IPO or manage the sales process. In addition, we help private equity and their portfolio achieve effective tax compliance and manage tax risks while controlling costs and enhancing returns.
KPMG – Dedicated to Private Equity. Dedicated to your success.
Founded in 1972, Adams Street Partners is a global private markets investment manager, operating in more than thirty countries across five continents. Adams Street prides itself on the depth and breadth of its global investment capabilities, and its long-standing reputation as an innovator within the private markets space. Adams Street is consistently recognized for its steadfast commitment to providing clients with high quality investment opportunities, and its deep understanding of the broader private markets industry.
With 170+ staff in ten offices located in Beijing, Boston, Chicago, London, Menlo Park, Munich, New York, Seoul, Singapore, and Tokyo, Adams Street’s deep industry experience and global outlook provides clients with customized access to the spectrum of private markets strategies. Adams Street is 100% employee-owned and independent, and manages over $32 billion in assets for more than 370 institutional investors, including corporate and public pensions, foundations, family offices and endowments.
Advantage Partners is a leading provider of services to private equity and similar funds focused on the Japanese and Asian markets. Advantage Partners was founded in 1992 by Taisuke Sasanuma and Richard Folsom and has been providing services to funds since 1997, when the firm established the first buyout fund in Japan. Funds served by Advantage Partners have invested in more than 55 companies representing total invested capital of over JPY350 billion across a wide range of industries and sectors. Advantage Partners has offices in Tokyo and in Hong Kong.
Bain Capital, LP is one of the world’s leading private multi-asset alternative investment firms with over $105 billion of assets under management that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Since our founding in 1984, we’ve applied our insight and experience to organically expand into several asset classes including private equity, credit, public equity, venture capital and real estate. We leverage our shared platform to capture cross-asset class opportunities in strategic areas of focus. With offices on four continents, our global team aligns our interests with those of our investors for lasting impact.
CarVal Investors, a leading global alternative asset manager, is focused on distressed and credit-intensive assets and market inefficiencies. Since 1987, CarVal’s experienced team has navigated through ever-changing credit market cycles, opportunistically investing $114 billion in 5,340 transactions across 80 countries. Today, CarVal Investors has $10 billion in assets under management in both credit and real estate strategies.
China Creation Ventures (CCV) was founded by the former KPCB China Managing Partner, Wei Zhou, and his TMT investment team of many years in KPCB China. CCV focuses on early stage and growth stage companies in TMT industry in China.
The companies they invested at early stage include JD.com (NASDAQ:JD), CreditEase (NYSE:YRD), Rong360 (NYSE:JT), ID5.com, Himalaya FM, Tan Tan Mobile Social (acquired by Momo, NASDAQ: MOMO), VenusTech (SZ:002439), Manzuo.com (acquired by SuNing), Miaopai Mobile Video (Yixia.com), ULUCU (NEEQ:837110), Miaozhen Systems, Asia Innovation Group, Meican.com, Scinor Water (acquired by TRCE:300332), KJY Water (NEEQ:835159), Arrail Dental,Wanka Online (HKSE:1762), Perfect Corp, Ice Kredit,Veer VR, Menya, Bizvane, Joyrun, Cowa Robot, Lomotif, Dingdong Class, Shukun Technology,etc.
CCV has been widely recognized by almost 50 industry medias and institutions within one and a half year, including China’s Top 5 Most Influential Venture Capitals by Sina, LP’S Favorite VC by 36kr.com, Annual Business Hunter by Economic Weekly, China’s Top 30 Internet Investment Institutions by Zero2IPO, China’s 15 Best Early-stage Investment Funds by FoFs, China’s 3 Most Growth-able Investment Institutions by CV, Best VC Top 20 by Hunting Cloud Network, and Annual Best New Investment Institute by Zero2IPO Group, China Venture, The Beijing News, China Investment, Small Table, etc.
CVC was established in 1981 and is a world leader in private equity and credit, with over $111 billion of funds committed and a global network of 24 local offices: 15 across Europe and the Americas and nine in the Asia Pacific region. CVC's private equity platform manages over $50 billion of assets and comprises four strategies: Europe/Americas; Asia; Strategic Opportunities; and Growth Partners, each of which benefits from CVC's global platform.
In Asia, CVC has one of the largest and longest-established pan-regional office networks of any private equity business and has been active in the region since 1999. CVC's 47 investment professionals comprise a deep bench of senior leaders with extensive local knowledge and a strong track record of leading successful private equity investments in Asia.
For over three decades, Eaton Partners has been widely recognized as the world’s leading fund placement specialist. Since the firm’s founding in 1983, we have participated in raising over $90 billion of institutional capital across more than 110 highly differentiated investment funds, including private equity, private credit, real estate, real assets and hedge funds.
With over 75 employees in nine offices worldwide, our reach is extensive and our dedication to capital raising is unparalleled. Our professionals have strong, long-held relationships with over 4,000 of the largest, most active institutional investors in the US, Europe and Asia. Our investor network, from pension funds and consultants to endowments and foundations, all have a desire to invest substantial capital, with the average commitment of $50 million.
Our deep sector knowledge and unrivaled insight into the private fund market across several asset classes allows us to raise capital efficiently and effectively. We thrive on working alongside the most innovative funds and consistently partner with the highest-quality fund managers.
We are the pioneers of fund placement. We are placement experts.
Eaton Partners is a division of Stifel, Nicolaus & Company, Incorporated, Member SIPC and NYSE. Eaton Partners subsidiary Eaton Partners (U.K.) LLP is authorized and regulated by the Financial Conduct Authority (FCA). Eaton Partners subsidiary Eaton Partners Advisors (HK) Limited is approved as a Type 1-licensed company under the Securities and Futures Commission (SFC) in Hong Kong. Eaton Partners and the Eaton Partners logo are trademarks of Eaton Partners, LLC, a limited liability company. ® Eaton Partners, 2018.
Globis Capital Partners is one of Japan's leading independent venture capital firms. With its unique combination of western style investment expertise obtained through a joint venture with Apax Partners and Japan-local business expertise through Globis Group, which runs No.1 MBA program in Japan, Globis has set new VC standards in Japan.
Founded in 1996, Globis is one of the oldest continually operating independent VC firms in Japan. It has actively managed five funds totaling approximately USD 650M, including the fifth fund which was raised in 2016. The majority of LPs are institutional investors both from and outside of Japan. Globis focuses on Japan's high-growth sectors, such as the internet, mobile, e-commerce, social media, and 6-techs (Finance, Healthcare, Education, Auto, Home, Frontier). All closed funds were ranked in the top quartile in global VC in their respective vintage years. *
Globis takes a lead role in a financing round and provides hands-on management support to its portfolio companies. Its key strengths are in the network of talents in the venture ecosystem that Globis Capital Partners has built, and the unequaled experience in guiding portfolio companies to Japanese public markets.
Hamilton Lane (NASDAQ: HLNE) is a leading alternative investment management firm providing innovative private markets solutions to sophisticated investors around the world. Dedicated to private markets investing for 27 years, the firm currently employs 360 professionals operating in offices throughout the U.S., Europe, Asia-Pacific, Latin America and the Middle East. With approximately $469 billion in total assets under management and supervision as of December 31, 2018, Hamilton Lane offers a full range of investment products and services that enable clients to participate in the private markets asset class on a global and customized basis. For more information, please follow Hamilton Lane on Twitter: @hamilton_lane.
HarbourVest is an independent, global private markets investment specialist with more than 35 years of experience and more than $50 billion in assets under management. The Firm’s powerful global platform offers clients investment opportunities through primary fund investments, secondary investments, and direct co-investments in commingled funds or separately managed accounts. HarbourVest has more than 400 employees, including more than 100 investment professionals across Asia, Europe, and the Americas. This global team has committed more than $34 billion to newly-formed funds, completed over $19 billion in secondary purchases, and invested over $8 billion directly in operating companies. Partnering with HarbourVest, clients have access to customized solutions, longstanding relationships, actionable insights, and proven results.
Japan Industrial Solutions, Ltd. (JIS) was jointly established as a private equity asset manager in 2010 by four top Japanese banks: Development Bank of Japan Inc., Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation, and MUFG Bank, Ltd.
JIS raised 100 billion yen for JIS Fund I and 105 billion yen for JIS Fund II respectively. By utilizing means of investment such as common stocks, class stocks, convertible bonds, and term loans, JIS targets to invest in medium to large Japanese corporations with its focus on the investment themes of corporate turnaround, reorganization, business succession and support for growth, and has invested in 12 companies so far.
JIS is fully committed to providing optimal solutions to the companies it invests in as a vital partner by drawing on its strength—collaboration with highly dependable sponsors and access to a wide-ranging network of resources and experts.
Jupiter is the brainchild of a team of seasoned and progressive minded investors who share the core belief that sustainable investing holds the key to the future success of Asia. Our aim is to make impactful social and environmental changes through small medium sized enterprises in Asia while generating risk-adjusted returns for our investors.
NSSK is an investment business with a focus on Japan. The Founding Members have been core members of the Japan business of TPG and NSSK is an extension of the investment activities performed by the Founding Members and its Senior Advisors.
NSSK’s mission is to build a best-in-class investment firm to generate superior returns on our investments. We protect the interests and reputation of our business partners at all times. NSSK will provide expansion capital, critical business processes for operational improvement and management talent from its network of domestic and international operating executives.
We identify and recruit the very best person for every job, take great pride in the professional quality of our daily interaction, stress creativity in everything we do, emphasize teamwork as a culture and ensure that integrity is at the heart of everything we do.
Ocean Link is a pioneering consumer PE fund with a focus on China’s travel and leisure sectors. Through a USD fund and an RMB Fund, Ocean Link currently has over US$700 million under management. With teams in Shanghai, Beijing and Hong Kong, Ocean Link invests across the value chain and sub-verticals of the travel and leisure sectors, including online & offline travel services, hotels and resorts management companies, destination services and entertainment, sector-related technology and business solutions providers. Ocean Link actively applies its deep sector insights and network to create value every step along investment life cycle.
Ocean Link’s strategic partners and shareholders include Ctrip - the largest online travel agency in China, and General Atlantic - a leading global growth equity firm. The funds’ LPs include Chinese and global corporates, financial institutions, and sovereign wealth funds.
Permirais a global investment firm that finds and backs successful businesses with growth ambition. Founded in 1985, the firm advises funds with a total committed capital of approximately €32 billion. The Permira funds make long-term investments in companies with the ambition of transforming their performance and driving sustainable growth. In the past 32 years, the Permira funds have made over 200 private equity investments in five key sectors: Consumer, Financial Services, Healthcare, Industrials and Technology. Permira employs over 240 people in 14 offices across North America, Europe and Asia.
Phronesis Partners is an independent private equity firm focusing on the small-end of small caps in Japan. Based on our “Growth Buyout Strategy”, we aim to increase value of the strictly selected investee companies by molding their business strategy and business plan, and by providing managerial support and governance. Our founding members have a fruitful track record since the pioneering stage of the Japanese private equity industry. We provide quality solutions to small companies with business succession, capital restructuring and growth strategy needs. By increasing the value of our portfolio companies, we create prominent alternative investment opportunities for our investors.
Strait Capital Investment Group is an Asia-based private equity company that specializes in providing growth capital to companies in the consumer-related, healthcare services, and entertainment sectors in Asia. The firm was established in 2013 by three founding members who have worked together for over 15 years and served as investment professional in Asia since the 1990s. The team has a track record of generating top-tier returns over 60 transactions amounting to approximately US$1 billion in Asia. Strait Capital Investment Group manages approximately US$240 million and currently has eight investment professionals located in Taipei and Shanghai.
China Consumer Fund, Fund I, has US$192 million under management, 78% from institutional investors and 22% from family office, with geographical spread 45% from Japan and 55% from Taiwan. We are seeking investment opportunities equipped with significant minority interests, market leading position, sound management expertise, and interests and vision that aligned with the firm’s strategy as well as potential of accelerated growth. The team has established a reputation to grow with its portfolio companies through value creation and it is steadfast in its approach.
The Longreach Group is an established independent private equity firm with offices in Hong Kong and Tokyo. The firm focuses on Japan and related Greater China control buyouts in the mature industrial and technology, consumer, business services and financial services sectors. The firm manages three Funds which have accumulated approximately US$2.1 billion of committed limited partner and co-investment capital and has a strong track record of portfolio company value creation and realizations.
Longreach currently has 13 investment professionals located in Tokyo and Hong Kong. The firm also enjoys the support of prominent and highly committed Advisors located in Tokyo, Taipei, Shanghai, New York, London and San Francisco.
Unison Capital, originally founded in 1998 by three founding members, operates mid-cap buyout funds in Japan and Korea. In Japan, Unison Capital is widely recognized as a pioneer in the industry and has the longest track record in its space. In 2014, Unison Capital expanded in Korea to apply its well-tested mid-cap strategy and harness its deep Japan network for value-add.
Since its inception, Unison has launched four Japan-focused funds and invested in 29 companies with 20 exits. Today, Unison manages JPY 70 billion (~$700 million) for Fund IV. In Korea, Unison Capital raised KRW 307 billion (~$280 million) for its debut fund and has four portfolio companies and one exit was completed in September 2017. To date, cumulative investment amounts are JPY 850 billion (~$8 billion) and KRW 320 billion (~$280 million) in enterprise value, respectively.
Unison’s Tokyo and Seoul office are comprised of 30 investment professionals, having diverse professional backgrounds in finance, strategy consulting and operations. Furthermore, Unison’s broader network extends to in-house management advisers, financial institutions, consulting firms, and other experts in two countries and beyond to drive the robust growth of our portfolio companies.
Värde Partners is a nearly $14 billion global alternative investment firm that employs a value-based approach to investing across a broad array of geographies, segments and asset types, including corporate credit, specialty finance, real estate, mortgages, energy, real assets and infrastructure. The firm sponsors and manages a family of private investment funds with a global investor base that includes foundations and endowments, pension plans, insurance companies, other institutional investors and private clients. Now in its third decade, Värde employs more than 300 people globally with regional headquarters in Minneapolis, London and Singapore.
SS&C Intralinks, acquired by SS&C Technologies in November 2018, is a pioneer of the virtual data room, enabling and securing the flow of information by facilitating M&A, capital raising and investor reporting. SS&C Intralinks has earned the trust and business of more than 99 percent of the Fortune 1000 and has executed over US$34.7 trillion worth of financial transactions on its platform.
Merrill Corporation is a leading global SaaS provider for participants engaging in financial transactions. Clients trust Merrill’s innovative applications, excellent customer service and deep subject expertise to successfully navigate the secure sharing of their most sensitive content. Their flagship product, DatasiteOne, helps dealmakers in over 170 countries close more deals, faster.
Preqin is the home of alternative assets, providing indispensable data, solutions and insights to support alternative asset professionals at every stage of the investment cycle. Since 2003, we have been the most trusted source of information on alternative assets, spanning private equity, venture capital, hedge funds, real estate, infrastructure, private debt, natural resources and secondaries. Our products and services are relied upon by more than 60,000 industry participants in over 90 countries, for a range of activities including fundraising, investor relations, asset allocation, fund manager selection and business development. Preqin is an independent business with over 400 staff based in New York, London, Singapore, San Francisco, Hong Kong, Guangzhou and Manila.