Japan-focused private capital assets under management (AUM) has expanded, standing at $135bn at the end of 2021, a 30% increase year on year and 77% higher than 2019’s level. While private equity has always been the dominant asset class, Japan-focused venture capital (VC) has witnessed accelerated growth over recent years. VC AUM stood at $44bn as of December 2021, an impressive increase of 54% year on year and quadrupling in just four years. VC has nearly caught up with private equity, which posted $46bn as of December 2021. 

Preqin Territory Guide: Japan 2022 helps investors across the globe better understand the developments in Japan's PEVC industries and macroeconomic environment, exploring AUM growth, fundraising, deal activity, and exits. This report is also available in Japanese.