Collaborative Structure The Hataraku Fund was co-managed by SIIF and Shinsei Bank Group, with Sugeno, Huang, and Takatsuka serving as investment committee members. The fund is unique in bringing together key players from Japan’s financial sector, including Shinsei Bank, Mizuho Bank, and Sumitomo Mitsui Trust Bank, with a range of eleven new external LP (Limited Partnership) investors. These included four regional banks, two universities, and a business corporation creating a robust network to support both financial innovation and community-oriented impact. For all the LP investors at that time, this was the first time they invested in an impact investing fund. Another strength of these relationships was the collaborative approach of Mizuho Bank as a strategic adviser. With Mizuho’s extensive network and focus on innovation, the partnership enhances the fund’s ability to access resources. Figure C illustrates these partnerships, highlighting the roles of key stakeholders in driving the fund’s operations and outcomes. Shinsei Bank Group, Mizuho Bank, and SIIF play distinct yet complementary roles: Shinsei Bank Group and SIIF focus on fund management and impact measurement, and Mizuho Bank offers growth support to investee companies. Figure C: Japan Impact Investing II Limited Partnership Structure
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Ten Years in the Making
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