March 28th, 2024
MCP Asset Management (Japan), Inc.

Japan Evolution Fund (Cayman), LP Announces First Closing
Japan, renowned for its world-class technologies, products, and services, across diverse regions, iswitnessing the burgeoning growth of its venture ecosystem. Despite its nascent stages, Japan’s
startup landscape is thriving with robust support from the government and a conducive economicenvironment.
In anticipation of a substantial and positive trajectory for the startup ecosystem in the coming
years, Japan Evolution Fund (Cayman), LP, (the “Cayman Fund”) is delighted to announce its firstclosing, securing new investments from several family offices and individuals.
The Cayman Fund’s parallel vehicle, Japan Evolution Fund, L.P.S., (the “Japan Fund”), established inMarch 2023 with support from leading Japanese institutional investors such as Sumitomo Mitsui
Trust Bank and Development Bank of Japan Inc., has thus far invested in six companies, primarily
as lead investors.
Going forward, both the Cayman fund and the Japan Fund will collaborate, investing in the samestartups on a pro rata basis based on the commitment amounts.
Overview of the Cayman FundName

Japan Evolution Fund (Cayman), LPGPJEF GP (Cayman), Ltd

Fund Size

Targeting over 5 billion yen at the time of final closing

Investment Target

Japanese companies, with a strong focus on the Kyushu region, providing technologicalsolutions to social and environmental issues through ESG initiatives and/or developing
deeptech innovations arising from universities to compete globallyTerm

10 yearsWith a commitment to generating globally competitive companies from Japan, the Cayman Funddistinguishes itself through its (1) lead or quasi-lead investment in mid-stage and later-stage
startups that have completed the proof-of-concept stage, and (2) support for growth strategy byleveraging MCP Group's network and partnerships that have connected Japan with overseas
markets for over two decades.
In alignment with these principles, MCP Group continues to seek like-minded investors for both
the Cayman Fund and Japan Fund. The aim is to forge partnerships with entities and individuals
who share a vision for cultivating innovation and driving the success of Japanese startups on theglobal stage.
MCP envisions closing both funds when the funds reach their AUM target.

■ About the MCP Group<MCP Group Overview>
MCP Group is an alternative investment management group based in Hong Kong with offices in Japan(Tokyo and Fukuoka), the United States and South Korea. The MCP Group includes a Japan financial
instruments business operator MCP Asset Management (Japan), Inc. and a risk management service
provider Millennium Fund Services (Japan) Limited.
URL: https://www.mcp-am.com/<MCP Hong Kong Office>Name: MCP Asset Management Company Limited
Location: Unit 1803, Lee Garden Three, 1 Sunning Road, Causeway Bay, Hong Kong
Title and name of representative: Tetsuo Ochi, Managing Partner and CEO
Date of establishment: December 20, 2004
< MCP Tokyo Office >Name: MCP Asset Management (Japan), Inc.
Location: 18F, KDDI Otemachi Building, 1-8-1 Otemachi, Chiyoda-ku, Tokyo
Title and name of representative: Tetsuya Tanaka, Representative Director
Date of establishment: August 30, 2006
URL: https://www.mcp-am.jp/
Inquiries regarding this matter
Please contact us using the inquiry form on the fund website.
https://www.mcp-jef.com/
This press release is for the sole purpose of making a general public announcement of the MCP Group'sactivity results and is not intended in any sense as a solicitation for the acquisition of equity interestsin the Fund or other securities.