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Growth Capital

Driving Growth Through Partnership with Existing Management

We Move to
the Next Growth Capital

We are the premier partner for growth-oriented mid-market enterprises. As a pioneer in growth capital, we deliver value by integrating two core pillars: "resolving shareholder issues" and "executing growth strategies." By standing on the same ground as management, we powerfully accelerate your vision for the future.

Our value proposition

Focused on growth-oriented small and mid-sized businesses and established ventures.

We focus on growth-oriented SMEs with proven track records, distinguishing our approach from exponential-growth startup investments. As a responsible lead investor, we provide capital through a 10%–49% equity stake while ensuring full management autonomy.

Versatile Uses of Proceeds : Growth Capital & Recapitalization

We provide flexible solutions for both new and existing capital needs. We cater to the demand for "new money" to drive further growth, as well as shareholders' exit strategies through secondary acquisitions.

Responsive and Continuous Capital Support

By staying close to our portfolio companies, we provide agile follow-on investments to fuel expansion phases and navigate shifting market dynamics.

Tailored Management Support

Even as a minority shareholder, we provide hands-on support from strategy to execution by dispatching directors and deploying specialist teams.

Our Investment Scope 100% 0% Ownership Venture Capital Buyout Fund GrowthBuyout GrowthCapital Early Stage Growth Phase Mature Phase Late Maturity

Investment Strategy

Investment Criteria

  • Equity Stake : 10% 〜 49% (Significant Minority)
  • Investment Size : JPY 0.3 〜 1.0 Billion per company

Equity Financing for Strategic Growth

  • We support equity capital raising to scale your business to the next level— through new business launches, M&A, or strategic hiring.
  • As the lead investor, we subscribe to primary issuances to provide the growth capital required for your expansion.

Optimizing Shareholder Structures and Providing Liquidity

  • As a pioneer in the Japanese direct secondary market with one of the longest track records, we possess premier expertise in acquiring existing stakes.
  • We address diverse needs, catering to VC fund maturity exits, founders' liquidity, and strategic share transfers.

Funds under management

Fund name WM Growth V, L.P. WM Growth IV, L.P.
Fund term July 2022 - June 2032 (10 years) November 2017 - September 2025 (8 years)
Fund size JPY 12.1 Billion JPY 10.6 Billion
Key Investors Development Bank of Japan, other financial institutions, etc. Development Bank of Japan, other financial institutions, etc.
Investment Strategy
  • Growth Buyout
  • Growth Minority
  • Growth Buyout
  • Growth Minority
  • Secondaries