Investment funds: Independent local firms in Japan

Anderson Mori & Tomotsune

Anderson Mori & Tomotsune's cohort provides comprehensive advice on the structuring, formation and ongoing management of both domestic and international investment funds. The team’s expertise spans public and private offerings in Japan and covers a wide variety of fund types, including private equity, infrastructure, hedge funds, ETFs and real estate investment vehicles. Leading the practice is the 'technically brilliant' Kunihiko Morishita who regularly advises multinational financial institutions on their investment fund operations. Koichi Miyamoto brings extensive experience in financial regulation, asset management, private equity and venture capital. Akihito Miyake is also a key figure, with deep expertise in the formation, offering and distribution of diverse investment funds within and outside of Japan.

Responsables de la pratique:

Kunihiko Morishita


Autres avocats clés:

Koichi Miyamoto; Akihito Miyake


Les références

‘The team is responsive and know the laws very well.’

‘Koichi Miyamoto is very organised, knows the Japanese market well and meets deadlines.’

‘AMT is one of the largest firms in the market and the partners work well together. There is collaboration between the partner bench that leads to a sharing of knowledge and capability that is rare.’

Principaux clients

UBS


DBJ Asset Management Co., Ltd.


Janus Henderson


BlackRock


Global Funds Management S.A.


Nikko Asset Management


Fidelity


Nomura Alternative Investment Management


Nippon Investment Company


Capula Investment Management


Principaux dossiers


  • Advised a Japan-based private equity firm on the structuring and formation of D Capital II Investment Limited Partnership which is built around D Capital’s distinctive “DX x PE” model, combining digital transformation expertise with private equity investment.
  • Advised the issuer on the public offering of real estate security tokens (STs) via the consortium-based blockchain platform “ibet for Fin,” marking Japan’s first public offering backed by a portfolio of rental houses.
  • Acted as a Japan legal counsel for and assisted the client in conducting the IPO of Fidelity World Funds – Global Value Advance Equity Fund.

Mori Hamada

Mori Hamada's team advises on both public offerings and private placements of investment funds, handling transactions within Japan and internationally. The practice is led by Ken Miura who brings expertise in derivatives and capital markets, including Euro bond issues and global offerings of debt and equity securities, with a focus on renewable energy-related deals. Alongside Miura at the helm is Nobuharu Onishi who provides broad coverage across investment funds, capital markets and financial regulatory matters. Keita Nakano also plays a key role, having worked on numerous public and private placements involving investment trusts and corporations established across various jurisdictions.

Responsables de la pratique:

Ken Miura; Nobuharu Onishi


Autres avocats clés:

Keita Nakano


Les références

‘The team have strong knowledge of Japanese regulations and efficient handling of filings of Luxembourg funds.’

‘They provide quick responses and easy contact.’

‘Experienced attorneys with a proven track record of handling offshore funds.’

Principaux dossiers


  • Advised the clients on Public Offering of a Cayman Unit Trust Feeding into Blackstone-Managed Private Equity Fund (BXPE).
  • Advised the client on the establishment of a Cayman Unit Trust investing into Blackstone Infrastructure Fund (BXInfra).

Nagashima Ohno & Tsunematsu

Nagashima Ohno & Tsunematsu‘s team is well-regarded for its expertise in real estate and private equity fund matters, both within Japan and internationally, including work with offshore fund sponsors. The team is led by Keiko Shimizu who is known for her strong capabilities in handling complex cross-border fund structuring projects and offering practical legal and regulatory advice in fund formation contexts. Kensuke Suzuki is a key contact for fund formation and regulatory guidance, while Takashi Itokawa is widely recognised for his work in financial transactions, particularly securities offerings, including J-REITs, M&A finance, securitisation and structured finance matters.

Responsables de la pratique:

Keiko Shimizu


Autres avocats clés:

Kensuke Suzuki; Takashi Itokawa; Asa Takayoshi; Keiko Shimizu


Les références

‘The team deeply understands the fund practice in Japan and is also capable of tailoring to our specific needs.’

‘Keiko Shimizu’s deep knowledge of the industry and creativity helped us to come up with feasible proposals to our investors on several issues that were unique to debt funds.’

‘Keiko Shimizu was very responsive at the height of negotiations with our anchor investor, which was a key to closing the deal.’

Principaux clients

Integral Corporation


T Capital Partners


REVA Corporation


Invesco Group


GLP JReit


Activia Properties Inc.


Mitsui Fudosan Logistics Park Inc.


MCo Corporation


SevenSeas Advisors Co., Ltd.


Nippon BuildingFund Inc.


Principaux dossiers


  • Advised Integral on its launch of its Fifth Private Equity Fund Series.
  • Advised Mitsui Fudosan Logistics Park Inc., Mitsui Fudosan Logistics REIT Management Co., Ltd. and Mitsui Fudosan Co., Ltd. on the merger of listed Logistics REITs and the double sponsorship of Logistics REIT AMs (asset management companies) by Mitsui Fudosan and Itochu.

Nishimura & Asahi

Nishimura & Asahi's group provides end-to-end legal support for investment funds, covering everything from documentation and compliance to product structuring and planning. The practice is co-led by Makoto Igarashi who brings deep expertise in large-scale buyouts and financing transactions, encompassing due diligence, compliance, strategic planning and regulatory filings. Igarashi leads alongside Kei Ito whose experience spans a wide range of fund types, from traditional mutual funds and ETFs to alternative investments. Kohei Ishida has capabilities in both domestic and international fundraising, advising on private equity, mezzanine, venture and renewable energy funds. Yoshiharu Kawamata is noted for his work on fundraising for real estate and commodity-focused investment vehicles.

Responsables de la pratique:

Makoto Igarashi; Kei Ito


Autres avocats clés:

Kohei Ishida; Yoshiharu Kawamata


Principaux clients

Nippon Sangyo Suishin Kikou


MUFG Bank, Ltd.


Mitsubishi UFJ Trust and Banking Corporation


Aspirant Group Inc.


Sunrise Capital, CITIC Securities CLSA Capital Partners


Nomura Asset Management Co., Ltd.


Sumitomo Mitsui Trust Investment Co., Ltd.


MITSUBISHI ESTATE CO., LTD.


TA Realty LLC


ORIX Real Estate Investment Advisors Corporation


Green Power Investment Corporation


MCP Capital


SPARX Asset Management Co., Ltd.


Nomura Holdings, Inc.


Principaux dossiers


  • Advised ORIX Real Estate Investment Advisors Corporation on the establishment of ORIA Japan Real Estate Value Add Fund I Investment LP, a blind pool-type real estate fund.
  • Advised Aspirant Group on the establishment of AG IV Series Fund, a sizable PE fund.
  • Advised Green Power Investment Corporation on the establishment of Green Power Renewable No. 2 Investment LP, a large renewable energy fund.

Atsumi & Sakai

Atsumi & Sakai's team has a workload which includes advising foreign investors and fund managers on investments into Japanese listed companies. Akio Kawamura offers deep experience in regulatory counsel for financial institutions and fund managers, cross-border investments, capital markets, and regulatory investigations and enforcement matters. Yukihito Machida advises both domestic and international clients on venture finance, asset management and investment funds. Ryuichi Nozaki focuses on asset management and cross-border investment matters, and Osamu Fujiwara is well-regarded for his work in M&A and general corporate law. The four co-head the practice.

Responsables de la pratique:

Akio Kawamura; Yukihito Machida; Ryuichi Nozaki; Osamu Fujiwara


Autres avocats clés:

Ito Harukuni; Toshiaki Takahashi; Wataru Kamihigashi


Les références

‘Unlike small boutique law firms, simply from a capacity perspective, the law firm has many associates, from experienced associates to new lawyers.’

‘The partners have plentiful experience.’

‘Toshiaki Takahashi and Wataru Kamihigashi have fruitful experience. They understand each case status, lead and manage their teams, and get involved directly and negotiate settlements with the opposite party where necessary.’

Principaux dossiers


Oh-Ebashi LPC & Partners

Oh-Ebashi LPC & Partners‘ team’s broad client roster features Japanese and international securities firms, investment trust companies, investment advisors and various types of investment funds. It advises on the structuring and management of investment vehicles such as public and private investment trusts, limited partnerships, silent partnerships and unit trusts. The practice is led by Takuyuki Sakurai who is experienced in fund management, financial regulatory, venture capital and private equity cases. October 2024 arrival Hidehiro Utsumi has expertise at the intersection of tax and corporate.

Responsables de la pratique:

Takuyuki Sakurai


Autres avocats clés:

Hidehiro Utsumi


Les références

‘In the private equity and venture capital space, the firm has an outstanding track record. They are able to respond quickly and effectively to most questions and issues, drawing on their deep expertise and experience.’

‘Takuyuki Sakurai provides advice not only based on domestic private equity and venture capital cases, but also with a deep understanding of international trends and precedents, offering clients a well-rounded and global perspective.’

‘Compared to other law firms, the team gives the most timely and accurate advice as legal advisors during fund offerings.’

Principaux clients

Ant Capital Partners, Inc.


Bee Alternatives Limited


The University of Tokyo Edge Capital Partners Co., Ltd.


Fast Track Initiative Inc.


Principaux dossiers


So & Sato Law Offices

So & Sato Law Offices' group provides comprehensive support to investment funds across their entire lifecycle, including the structuring and formation of private equity, venture capital, mezzanine and hedge funds, as well as guidance on investments and exit strategies. The team is led by Yuki Sato who advises on all stages of fund activity and regularly counsels both domestic and international funds on Japanese capital markets regulations. Chiho Saito is particularly noted for her extensive experience with real estate investment funds, while Changsoo Ahn is a key figure for his strong grasp of transactional law.

Responsables de la pratique:

Yuki Sato


Autres avocats clés:

Chiho Saito; Changsoo Ahn; Taiki Hashimoto


Les références

‘So Sato Law Office is a highly specialised firm in financial legal matters, founded by two distinguished attorneys.’

‘We regard Sato’s team is one-of-a-kind, providing business support with the level of speed and quality that major firms cannot match.’

‘Yuki Sato is not only highly knowledgeable in the law and procedures related to investment funds and asset managers, but she also has the same level of insight, expertise and experience as investment professionals.’

Principaux clients

Academia Industry Alliance Capital


All Kochi Alliance Capital


Asahi Media Lab Ventures, Inc.


Dawn Capital No.1 Investment Limited Partnership


Emoote Pte. Ltd.


Fujiwara Capital Advisors Pte. Ltd.


GLIN Impact Capital Investment Limited Partnership


Idaten Ventures


Miyabi Ventures Co., Ltd.


MUFG Innovation Partners


Shochiku Ventures Fund


Social Innovation and Investment Foundation


Startup Debt Fund I Investment Limited Partnership


TOPAZ CAPITAL, INC.


Topaz Regional Partners


UIG Asset Management Co.,Ltd.


WiL, LLC


Starshot Partners,Inc.


LCN Partners


Zuu Funders


PKSHA Algorithm II


Alpha Japan Asset Advisors Ltd.


Principaux dossiers


TMI Associates

TMI Associates‘ team has substantial expertise in the formation, offering and ongoing management of investment funds, advising both sponsors and investors active in Japan and internationally. The team is led by Yoshiyasu Yamaguchi who brings strong experience in real estate investment, structured finance, and IPO matters. Takuma Taki is another key figure with notable experience in the establishment of listed infrastructure funds, conducting due diligence, acquiring infrastructure assets, and overseeing listing and public offering procedures. Hidehiro Utsumi departed in October 2024.

Responsables de la pratique:

Yoshiyasu Yamaguchi


Autres avocats clés:

Takuma Taki


Principaux clients

Sompo Japan Nipponkoa Asset Management


DBJ Asset Management Co., Ltd.


Nissay Asset Management Corporation


Government Pension Investment Fund of Japan (GPIF)


DNX Ventures


Inclusion Japan, Inc.


Principaux dossiers