July 26 2023
Press Release
Daiwa PI Partners Co. Ltd.
Investment in an Australian Government-Established venture capital fundDaiwa PI Partners Co. Ltd. ("Daiwa PI Partners") has decided to invest in the Third Fund("Fund") managed by Main Sequence ("MS"), in a joint investment with Daiwa Securities
Group Inc. The MS is a deep technology venture capital fund managed by the National
Science Agency (CSIRO). MS specializing in the Australian deep-tech sector and investing instart-ups with the aim of addressing the global challenges, including environmental and social
issues through technology.
Daiwa PI Partners has been investing in start-up companies in Southeast Asia and East Asia.
In Australia, we have been providing real estate financing since 2018, and this investment in
the Fund marks our first equity investment in Australia.
MS was established in 2017 by the Commonwealth Scientific and Industrial Research
Organization (CSIRO), to commercialise Australian publicly-funded research.
MS is tackling the world’s biggest challenges by turning today’s scientific discoveries into
tomorrow’s industries. It works closely with scientists, researchers and industry collaborators
to create, fund and accelerate new companies and industries across health, food, space,transport, security and deep tech to accelerate humanity for a more prosperous future.
Our medium-term management plan "Passion for the Best 2023” defines our basic policy as"creation of a new capital recycling system through a hybrid strategy." We will achieve this byexpanding and strengthening our external network and peripheral area of businesses as wellas our traditional securities business at the core. Also, with the core concept of “from savings
to SDGs” as stated in our management vision “2030 Vision”, we aim to realize the SDGs
through creating a sustainable capital cycle. We will strive to improve our medium- to longterm corporate value and create a sustainable and prosperous society through initiatives that
contribute to SDGs and ESG in collaboration with stakeholders.
This is the first investment in the Fund operated by MS by a Japanese company. There aremany opportunities for potential
cooperation between Japan and Australia in areasthat MS focuses on, such as decarbonisation, food, healthcare, space, core technology(quantum computers, cybersecurity, semiconductors), and AI. We aim to foster thecollaboration between innovative Australian startups and Japanese companies,startups, universities, and other stakeholders. Our goal isto connect the startup
ecosystems of Japan and Australia and create a new fund circulation mechanism toachieve the SDGs.

■Outline of the Fund:

Name
Total fund size
Investment
Targets
Date of
Establishment
Duration

Main Sequence Fund 3, LP
AU$450 million
Six priority areas: "Decarbonise the Planet," "Feed 10 Billion
People," "Enable the Next Intelligence Leap," "Bridge the Gap toSpace," "Supercharge Industrial Productivity," and "Reach
Humanity Scale Healthcare”
17 March 2023
Until December 2033

(References) Main Sequence
https://www.mseq.vc/about(References) Daiwa Securities Group's SDGs initiatives：
https://www.daiwa-grp.jp/english/sustainability/?cid=ad_eir_ensdgspress