For immediate release
Shinsei Bank, Limited
Shinsei Corporate Investment Limited
Japan Social Impact Investment Foundation

Establishment of Japan Impact Investment II Limited Partnership
as Infrastructure for Supporting and Developing Startups
Aiming to Solve Social Challenges

Tokyo (Friday, June 28, 2019) --- Shinsei Impact Investment Limited, (Representative
Directors: Chunmei Huang (Ozaki) and Sayaka Takatsuka (Miyabe); hereinafter, “ShinseiImpact”) invested by Shinsei Corporate Investment Limited (President and CEO: Ippei
Matsubara; hereinafter, “SCI”) of Shinsei Bank Group, and Japan Social Impact Investment
Foundation (CEO: Mitsuaki Aoyagi; hereinafter, “SIIF”) have established Japan Impact
Investment II Limited Partnership (hereinafter, the “Fund”) with Mizuho Bank, Ltd. (President& CEO: Koji Fujiwara; hereinafter, “Mizuho Bank”). The Fund is established as a step forJapan to become the “economic country solving social challenges”, aiming to spread impact
investments as a system for injecting risk money into fields for industrial and social reforms.
The Fund completed its first closing at JPY2.2 billion.
The Fund’s social significance is “building an ecosystem of impact investments by increasing
the number of impact investors and sharing the impact investment know-how” as well as“securing both economic returns and social returns (i.e. solving social challenges)”. Sharing
the same understanding of social significance, Shinsei Impact, SIIF, and Mizuho Bank willbuild a new ecosystem for supporting and developing startups through the Fund, to startassisting the creation of industries and businesses that will impact society.
The Fund is the successor fund of Japan Impact Investment I Limited Partnership(hereinafter, “Child-care Support Fund”) which was established jointly by Shinsei Bank,Limited (President and CEO: Hideyuki Kudo; hereinafter, “Shinsei Bank”) and SCI in January
2017.
The Fund aims to support the growth of invested companies and to expand the social impact
through close collaboration by SCI, SIIF, and Mizuho Bank. The three companies will
operate the Fund jointly, bringing SCI’s know-how of operating joint funds and experience inequity impact investment through Child-care Support Fund, SIIF’s track record in developing
the impact investment market and impact measurement know-how, and Mizuho Bank’s solidnetwork, financial service provision capacity using its innovation support function “M’s Salon”,
and consulting capability altogether.
In addition to the fund operating members, Shinsei Bank, Sumitomo Mitsui Trust Bank,
Limited (President: Masaru Hashimoto), and other educational and industrial corporations
have invested in the Fund for its first closing.
The fund aims to create a sustainable society by focusing on “working people”, and istargeting “childcare, nursing care, and new work style-related businesses”, such as a)worker-oriented companies contributing to building an environment where people in different
situations can continue working despite their life events such as child and nursing care, b)
educational and nursing care service providers contributing to developing next-generation
talent, and c) the companies supporting child and nursery care balance. The Fund will invest
in early-to-later stage companies with JPY100 million to JPY500 million per investment. As
an impact investment fund aiming to secure both economic returns and social returns, theFund continues contributing to solving social challenges through investment, by buildingpartnerships with investors, business operating companies, and experts.
■ About SCISCI which owns Shinsei Impact conducts disciplined investment activities utilizing
knowledge piled up through over-a-decade private equity investments. SCI operates Childcare Support Fund, the first impact investment fund by a Japanese bank for creating a socialchallenge-solving economy, and has been accumulating track records of impact investments
towards startups and the network for the investments. The initiative buildup by Ms. Huang(Ozaki) and Ms. Takatsuka (Miyabe) won Nikkei WOMAN’s “Woman of the Year 2019Childcare Support Award”. Based on “Grow through Value Co-creation” set by the Shinsei
Bank Group in its Medium-Term Strategies, SCI will continue to promote building anecosystem for impact investments in Japan with various partners.
■ About SIIFAs an organization playing a central role in promoting impact investments in Japan, SIIF ispromoting building an ecosystem for impact investments by creating various impact
investment precedents centered on Social Impact Bonds (hereinafter, “SIB”) through theprovision of risk capital together with financial institutions, and by measuring the social
impacts created by invested businesses and providing policy recommendations.
Note: “Impact Investments” aims to secure both economic returns and social returns byinvesting in companies aiming to solve social challenges.

【Assumed investment scheme】【Summary of the Fund】
Name： Japan Impact Investment II Limited Partnership
Establishment： June 28, 2019
Fund Size： JPY 2.2 billion (at the time of the first closing)
Investors： GP (General Partner): Japan Impact Investment II LLP
LP (Limited Partner): Shinsei Bank, Limited, Mizuho Bank, Ltd., Japan
Social Impact Investment Foundation, Sumitomo Mitsui Trust Bank,
Limited, and others
Terms： Investment period: 5 years; Fund term: 10 years
Investment： Early-to-later-stage companies operating childcare/nursing
Target:care/new work style-related businesses