Hot AI Mandate: Japan-based PE Seeking Innovative Therapeutics, Diagnostics and Medical Device Technologies

2 Nov

Founded in 1973, a private equity firm headquartered in Tokyo, Japan. The firm has additional offices in Palo Alto, Singapore, Hong Kong, Taipei, Beijing, Shanghai, and Seoul. The firm has about JPY 980 billion AUM (~USD 9.1 billion). The firm is currently making new investments from three main funds: SV6 Series (JPY 75 billion; 2019 vintage), Asia Technology Fund VII (USD 140 million; 2017), and Icon Ventures V (USD 260 million; 2012). The firm has a dedicated life science investment team and invests in venture stage companies. The firm invests in various stages, typically start-up and early stage. For life science companies, the firm generally allocates USD 3-5 million per round. The firm is currently focused on opportunities in the US, Israel, and Japan.

The firm invests opportunistically in the life sciences. The firm seeks to invest in innovative therapeutics, diagnostics, and medical devices. For therapeutics, the firm generally invests in novel platform technologies and considers both small molecules and biologics. The firm is indication agnostic and will consider orphan diseases. The firm is also agnostic to the stage of development, but typically invests in companies with a lead asset in clinical trials. For medical devices, the firm is also opportunistic and generally invests in devices that are in the clinic. The firm generally only invests in new IP/NCEs, and does not invest in repurposed or reformulated products.

The firm is currently focused on private companies in the US, Israel and Japan. The firm generally requires a seat on the board of directors or observers.

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