20th June, 2023
WM PARTNERS Co., Ltd.
Alternative Investment Capital Limited
Announcing the Completion of the Investment in One Capital I L.P.

WM PARTNERS Co., Ltd. (President: Yasuo TOKUNAGA, Head Office: Chiyoda-ku,Tokyo, "WM") and Alternative Investment Capital Limited (President: Reijiro SAMURA,
Head Office: Chiyoda-ku, Tokyo, "AIC") announced that Japan Private Equity Opportunity
2021 Investment Limited Partnership (“JEPOF2021"), which jointly operated by WM as ageneral partner and AIC as its investment adviser, completed the secondary investment in theinterest of One Capital Investment I LP (the "Fund"(*1)) from an existing LP investor.
(*1) The Fund is managed by One Capital LLP.
WM along with AIC, established JPEOF2021 on September 30, 2021, for the purpose ofinvesting in "LP Secondary," which is the secondary acquisition of limited partnershipinterests of private equity funds (“LP Secondary”), from existing LP investors such as
financial institutions and operating companies. JPEOF2021 provides adequate liquidation
opportunities to domestic investors and offers flexibility in fund management to fundmanagers of PE funds, thereby contributing to the further development of the domestic LP
Secondary market.
⚫

One Capital,Inc.

Co-founder, CEO, General Partner/Shinji Asada“The existing LP investor is looking for the liquidity solution to comply with its investment
strategy change, therefore we introduced several LP Secondary funds including JPEOF2021
and some other overseas funds. Thanks to the quick move and sincere support of all the parties,
the transaction was closed smoothly in a way which also satisfied such LP’s need. We are very
delighted to welcome JPEOF2021 as our new investor and will be dedicated to supporting thecontinued growth of our portfolio companies as always.”⚫

AIC Principal / Hiroaki Ando

“We are delighted to have solved the problem of the existing LP investor of the fund managed
by One Capital LLP, which has a lot of investment records in SaaS industry. Secondary market

has already established in the global. On the other hand, Japanese secondary market is still at
a developmental stage yet. We strongly believe that we will contribute to the "development of
the Japanese secondary market and PE fund market", which is the primary objective of
JPEOF2021 providing existing LP investors with liquidity solutions like this transaction.”⚫

WM Partner /Tatsuo Terabe, Senior Associate/Ao Cui"It is a great honor for WM to have the opportunity to complete the investment in the Fund.
Over the years, Mr. Asada is known for his leadership as an investor in Japanese SaaS industry,
as well as his extensive business knowledge and impressive investment experience. Bysincerely cooperating with One Capital team and the existing LP in a speedy way, we haveexecuted this transaction successfully under a relatively tight schedule, and we fully believethat a win-win-win situation has been achieved through this transaction. WM will continue toengagement with investors and fund managers of both domestic and overseas PE funds andprovide solutions customized to the needs of our stakeholders."＜Contact for inquiries＞
WM PARTNERS Co., Ltd.
Kakimi koujimachi Annex Bldg.4F, 3-2 Kojimatchi, Chiyoda-ku, Tokyo 102-0083 JapanTEL 03-6261-4601
Contact person: Tatsuo Terabe, Ao Cui
E-mail jpeof@wmpartners.jp
Alternative Investment Capital Limited 6F, Tekko Building 1-8-2 Marunouchi, Chiyoda-ku,
Tokyo 100-0005, JapanTEL 03-6895-0364
Contact person: Hiroaki AndoE-mail secondaries_group@aicapital.co.jp