Venture Capital
AI is lowering the cost of starting some companies, especially in software and digital services. But starting without venture capital is not the same as winning a market. The question for founders is becoming sharper: what changes because this specific VC joins the company?
Japan Private Markets
Top VC access is not won by ticket size alone. In oversubscribed funds, GPs underwrite whether an LP can decide predictably, understand venture risk, and behave like a long-term partner.
Japan Private Markets
As Japanese LPs move from allocation toward capability building, GPs may need to offer more than fund performance: risk language, education, reporting support, and relationship design.
Japan Private Markets
Nippon Life's Blackstone partnership is more than a large private credit allocation. It signals a shift from passive LP exposure toward private-market capability building.