Japan Investment Corporation (JIC), a government-funded investment fund, has invested 12 billion yen (US$74 million) in a private equity fund managed by local alternatives firm Polaris Capital Group.
The Polaris Fund VI focuses on large-scale deals across a number of Japanese industries, including technology, manufacturing, healthcare, logistics and retail.
According to JIC, its investment is to help these industries address challenges such as business restructuring, and to finance large-scale transactions.
In a statement on April 25, JIC says it will “leverage Polaris’s expertise and know-how in carve-outs and medium- to long-term growth investments to promote investment activities that contribute to strengthening the competitiveness of entire industries”.
JIC was established in 2018 to strengthen Japan’s industrial competitiveness by investing in new technology firms. It has invested over 236 billion yen in 50 local funds and companies.
