Japan Venture Philanthropy Fund Founded in March 2013, the Japan Venture Philanthropy Fund (JVPF) stands as Japan’s first full-scale venture philanthropy fund, aimed at amplifying the social impact of purpose-driven organizations through a blend of financial and managerial support. With 2022 AUM totaling ¥1.087 million (approximately US$7,000), as of their latest annual report in 2023, JVPF has evolved from a joint operation by the Nippon Foundation and Social Investment Partners (SIP) to include SIIF, thereby enhancing its operational capacity and outreach. To date, it has made investments in twelve different companies. Hataraku Fund The Japan Impact Investment II Limited Partnership (commonly known as “Hataraku Fund”) was established in June 2019, particularly focused on enabling working people to continue to work through a variety of life events. The Hataraku Fund is jointly managed by SIIF and Shinsei Impact Investment Limited, with Mizuho Bank, Ltd. serving as an adviser. With a fund size of ¥3.6 billion (about US$23 million) as of August 2020, it invests in companies that operate in childcare, nursing care, and innovative work-style businesses. The fund also explicitly supports the development of an impact investing ecosystem “by increasing the number of impact investors and sharing knowhow.” 34 Being SIIF’s first fund, it laid the foundation for its later work and the lessons learned are explored in depth later in the case Insights into Japan’s First Impact Funds . SIIFIC Wellness Fund The SIIFIC Wellness Fund was launched in June 2023 to take steps towards SIIF’s action plan on the theme of health. Initial investors included SIIF, Japan Post Insurance Co., Ltd., Teikoku Seiyaku Co., Ltd., and Keio University, among others, with the fund’s first close at approximately ¥1.5 billion (approximately US$ 9.6 million). As of 2024, thanks to additional contributions from SME Support, Japan and Kaneto Capital Management PTE. LTD,., the fund has surpassed from SME Support, Japan and Kaneto Capital Management PTE. LTD., the fund has surpassed the ¥3 billion (about US$19.2 million). The Wellness fund is explored more in depth in the case Insights into Japan’s First Impact Funds .
78
Ten Years in the Making
Powered by FlippingBook