Tokyo, May 8, 2026 – Japan Investment Corporation(“JIC”) has announced its decision to make an LP investment of JPY14 billion in the NSSK IV (JPN) Investment L.P. (“NSSK4”), which is managed or serviced by the Nippon Sangyo Squishing Kiko Group (“NSSK”).
Details are as follows.
(1) AboutNSSK4
As an independent Japanese buyout fund management company, NSSK has handled a broad range of investment scenarios—including carve-outs, public-to-privates, and business succession—across a variety of industries. NSSK has a proven track record of investing in deals that contribute to strengthening Japan’s industrial competitiveness through carve-outs leading to industry consolidation and medium- to long-term growth investments, and is expanding the size of its flagship fund. Building on this track record, NSSK4 introduces a structure that focuses on larger investment deals in key investment areas that include manufacturing, healthcare, education, hospitality, and real estate services.
NSSK4
Name: NSSK IV (JPN) Investment L.P.
Established: October2025
Duration: 10years (with a maximum possible extension of 2 years)
GP: NSSK IV (JPN) GP L.P.
Overviewof NSSK
Name: Nippon SangyoSuishin Kiko Ltd.
Established: September 2014
Location: Minato-ku, Tokyo
Representative: President and CEO Jun Tsukasa
(2)Reason for investment
Domestic market challenges:
・Promoting business restructuring to adapt to market and business environment changes:
To maintain and enhance their competitiveness, Japanese companies must adapt to the significant changes in the market and business environment—such as resource and energy constraints, societal challenges, supply chain restructuring, and technological innovation—through business restructuring and organizational renewal.
・Shortage of players capable of handling large-scale transactions:
Many buyout funds are targeting Japanese companies, but few—domestic or foreign—are capable of investing in large-scale deals with enterprise values of around JPY100 billion.
Expected impacts of this investment:
・Strengthening the competitiveness of entire industries through business restructuring and growth investment:
Through business restructuring and growth investments in its portfolio companies, JIC will leverage NSSK's expertise and know-how in carve-outs, medium- to long-term growth investments, and roll-ups to promote investment activities that contribute to strengthening the competitiveness of entire industries.
・Increase the number of players capable of handling large-scale transactions:
By investing in NSSK4, which has ample capacity to handle large-scale transactions, JIC aims to support the formation of a fund worth JPY250 billion, which is expected to lead to an increase in the number of players capable of investing in large-scale transactions.
About Japan Investment Corporation (JIC)
Japan Investment Corporation (“JIC”) was established in September 2018 under the Industrial Competitiveness Enhancement Act. JIC’s investment focus areas are creating a virtuous cycle of domestic investment and innovation; creating and fostering startups; leveraging promising untapped management resources lying dormant in local areas, including startups from academia and medium-sized companies; and promoting business restructuring in response to changes in market and business environments. JIC provides risk capital to these areas through funds independently established by JIC and LP investment in private funds to promote open innovation in Japan, strengthen the competitiveness of Japanese industries, and contribute to expansion of Japan’s investment ecosystem.
URL: https://www.j-ic.co.jp/en/
Press Contacts
Japan Investment Corporation
Corporate Planning, Communications Group:
Tokyo Toranomon Global Square 9F,
1-3-1 Toranomon, Minato-ku, Tokyo 105-0001
