Secondaries
A pioneering secondary fund rooted in Japan, driving liquidity in the private equity market.
We Move to
the Next Secondaries
By providing liquidity opportunities to LPs, GPs, and all private equity market participants, we drive the growth of Japan's secondary market and contribute to the further evolution of the private equity ecosystem.
Our value proposition
Japan-Focused Investment Strategy
Driven by the mission to develop the Japanese secondary market, we execute a specialized investment strategy centered on the domestic market.
Deep Network with Japanese LPs & GPs
With years of operation in Japan, we have cultivated a comprehensive network and a proven track record of transactions with domestic LPs and GPs.
Strategic Partnership with Alternative Investment Capital Limited ("AIC")
Our fund series, "Japan Private Equity Opportunity," is co-managed alongside AIC, a premier gatekeeper in Japan. This strategic alliance establishes a robust framework for both deal sourcing and execution.
※ Click here for the Alternative Investment Capital
https://www.aicapital.co.jp/en
Investment Strategy
Investment Criteria
- We target LP interests in buyout and venture capital funds, primarily focused on the Japanese market.
- Our expertise includes a proven track record in cross-border transactions, such as acquiring offshore fund interests from Japanese LPs and domestic fund interests from global investors.
Our Solutions 1: LP-led Secondaries
- We acquire LP interests through negotiated transactions to address the liquidity and divestment needs of LP investors.
Our Solutions 2: LP-led Secondaries
- We provide liquidity solutions for existing LPs by facilitating the transfer of specific assets to a Continuation Vehicle. Our team delivers structures tailored to the unique strategic challenges and requirements of GPs.
Case Studies
We deliver tailored solutions to address
the specific challenges faced by both LPs and GPs.
For LP
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Portfolio Optimization
We facilitate strategic portfolio optimization through the reallocation of capital toward new investment opportunities.
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Liquidity Acceleration
We provide liquidity before fund maturity to mitigate the J-curve effect and realize early returns.
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Reducing Monitoring Costs
We eliminate the administrative and monitoring burdens associated with small positions to streamline internal resources.
For GP
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Continuation Funds
We establish continuation funds and transfer single or multiple portfolios to offer liquidity to LPs. Simultaneously, this secures the time and capital needed to maximize value creation for high-performing "trophy assets", ultimately maximizing investment returns.
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Addressing Diverse LP Needs
Through GP-led initiatives like tender offers, we proactively offer liquidity to LPs, thereby strengthening long-term relationships.
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Catering to Other Liquidity Needs
We deliver tailored solutions to GPs, including the partial sell-down of fund interests held by GPs (Partout).
Funds under management
| Fund name | JPEOF2024, L.P. | JPEOF2021, L.P. |
|---|---|---|
| Fund size | JPY 30 Billion | JPY 10 Billion |
| Key Investors | Financial Institutions, Pension Funds, etc. | Financial Institutions, Pension Funds, etc. |
| Investment Strategy | Secondaries | Secondaries |
WM Edge
詳しく見る
「WMらしさ」を追求し、PEファンドの未来を創る ～Unique Position in Private Equity～
特別対談#2「誕生期から壮年期まで」の支援充実で、ニッポン・ベンチャーの逆襲がはじまる
特別対談＃1「誕生期」も「壮年期」もベンチャーが成長できる仕組みを
専門ファンドを共同運営し、日本のLPセカンダリー市場を切り拓く
ギークス＃2 社歴の長いベンチャー企業には「経験」という武器がある
ギークス＃1 「2度目のIPO挑戦は長期戦」社長の覚悟を支えた出資者の存在
ソノーラテクノロジー＃1 ニッチトップの技術系ベンチャーがさらなる成長のためにグロース・キャピタル・ファンドと組む
ソノーラテクノロジー＃2 外部からの客観的な視点が新たな成長戦略を生み出す
社内外から見た「WMバイアウト投資の特徴」とは？
