SPARX Group Launches Japan Monozukuri Mirai Fund
SPARX Group has established the Japan Monozukuri Mirai Fund to support Japanese manufacturing companies. The fund began operations with an initial capital of JPY 12.3 billion.
SPARX Group Co., Ltd. has established the Japan Monozukuri Mirai Fund, following a memorandum of understanding signed in November 2020 with Toyota Motor Corporation, Sumitomo Mitsui Banking Corporation, MUFG Bank, Ltd., and Mizuho Bank, Ltd.
The fund will invest in Japanese manufacturing companies possessing advanced technology, human resources, and services. Its objective is to maintain Japan's technological edge and develop the nation's future manufacturing capabilities. Additionally, the fund will assist these companies in implementing the Toyota Production System (TPS) and formulating management strategies.
Managed by SPARX as the general partner (GP), the Japan Monozukuri Mirai Fund commenced operations in December with an initial total capital of JPY 12.3 billion, financed through contributions from its limited partners (LPs). The goal is to raise the total capital to JPY 20 billion by October 31, 2021, through additional contributions from investors who support the fund's objectives.
The fund aims to contribute to society by fostering the sustainable growth of its portfolio companies within the Japanese manufacturing sector.