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ARTICLE · 20 DECEMBER 2021

Structuring An ESG Investment Fund In Japan

Withers LLP
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At the time of its launch, Japan's first ESG-focused venture capital fund MPower Partners Fund, established by former Goldman Sachs vice-chair Kathy Matsui and sized at US$150 million, ...

JapanFinance and Banking
Koji Yamamoto
Koji Yamamoto
Yoshiyuki Omori
Yoshiyuki Omori
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At the time of its launch, Japan's first ESG-focused venture capital fund MPower Partners Fund, established by former Goldman Sachs vice-chair Kathy Matsui and sized at US$150 million, garnered substantial attention within the funds industry.

The MPower Partners Fund is a rarity in Japan given its female leadership, as noted by Bloomberg and other media. In addition, while the venture investment market has expanded rapidly in Japan in recent years, it remains small in comparison to its counterparts in the US and China. The launch of the fund marks a significant milestone in the Japan's investment fund industry.

Despite the relative newness of ESG funds in Japan, structuring an investment fund powered by an ESG strategy is similar to structuring any other type of investment fund. This article highlights practical insights and advice that fund managers can reference to when seeking to establish an ESG investment fund in Japan.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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