In close partnership with the Japan Venture Capital Association (JVCA), Preqin is proud to announce our latest performance benchmark update targeting Japan-focused venture capital (VC) funds. Following the success of our previous factsheet released in September 2022, this report presents the findings from our industry survey in May 2023, as well as the updated benchmark to December 2022. With performance data on a total of 177 constituent funds from 54 JVCA member firms, coverage of this dataset has now more than doubled since the inaugural benchmark factsheet in 2019, to represent 71% of the total Japan-focused VC fund universe in monetary terms.
In this factsheet, we reveal key findings from our new performance benchmark, including net IRRs and multiples, capital calls and distributions, and net cash flow.
This factsheet is also available in Japanese.
CORRECTION: This factsheet has been updated to correct the benchmark data in Fig. 2, Fig. 3, Fig. 4, Fig. 5, and Fig. 7 caused by errors in a data submission we received.