TOPICS
ecosystem
JIC held a meeting for
exchange of opinions
among investee fund
middle-back office
members
JIC held an opinion exchange meeting on November 12th for managers and staff in charge of middle-back operations at venture capital (VC) and private equity (PE) funds mainly in Japan in which it invests.
JIC aims to be an investment institution that will lead the development of investment professionals and sharing of knowledge to create a virtuous cycle of risk capital in Japan. The opinion exchange meeting was held to provide an opportunity for middle-back office members of JIC's portfolio funds to share their knowledge and expertise. It also aimed to improve the efficiency and productivity of the portfolio funds’ operations through the exchange of information by middle-back office members responsible for operations such as preparation of investment contracts and other documents, performance measurement, and reporting to LP investors.
48 of middle-back office members from JIC Group companies, JIC Venture Growth Investments and JIC Capital, as well as other VCs and PEs in which JIC has invested participated in the meeting to mingle through learning from challenges and exchanging opinions. In addition, Yoshie Suzuki, Head of Fund Management responded to the participants in a Q&A session on how JIC used the monitoring materials, and discussed with them to improve the quality of fund operations.
JIC Group aims to contribute to the sustainable growth of the Japanese economy through the realization of a virtuous cycle of risk capital, and as part of its efforts to build such ecosystem, it places importance on promoting DE&I in the fund industry and within the company. JIC has been monitoring domestic and foreign investee funds to promote DE&I, including advancing women's empowerment in the domestic investment industry. Possible measures to expand the pool of human resources to improve diversity in the VC/PE industry were discussed.
Participants provided positive feedback, noting that the meeting was a valuable opportunity to exchange information face to face as there were little chance to interact with middle-back office members from other funds. JIC will continue to hold opinion exchange meetings for middle-back office members to develop human resources of investee funds and support their fund management.