TLDR:
- MCP Asset Management has announced the first closing of its Japan Evolution (Cayman) fund.
- The fund will mainly invest in Japanese startups, with a focus on the Kyushu region.
Tokyo-based MCP Asset Management has announced the first closing of its Japan Evolution (Cayman) fund, which is domiciled in the Cayman Islands. The fund will primarily invest in Japanese startups, with a particular focus on the Kyushu region. The investment strategy is centered around lead or quasi-lead investments in mid-stage or later-stage startups that have completed the proof-of-concept stage.
The firm also has a parallel fund domiciled in Japan that was launched in March 2023, backed by Sumitomo Mitsui Trust Bank and Development Bank of Japan. Keisuke Yamashita, managing director at MCP Asset Management (Japan), highlighted the growth of Japan’s startup landscape and the commitment to forging partnerships with international investors to drive the success of Japanese startups on a global scale.
