2025-11-12
Qatar Investment Authority Commits $1Bn to Japanese PE Platform With ORIX
Qatar Investment Authority (QIA) and ORIX Corporation (ORIX) have entered into a pact to a commitment-based private equity (PE) fund (OQCI Fund) with total size yen equivalent of $2.5bn.
The fund will invest in Japanese companies, primarily targeting business succession, privatisation of listed companies, and carve-outs (the transfer of business divisions or subsidiaries from large corporations), with an enterprise value investment size of at least 30bn yen (about $200mn) per investment.
This marks the first time that ORIX has launched a fund that welcomes capital from an international third-party investor for domestic private equity investment in Japan. It is also the first time QIA has invested in a domestic private equity fund focused solely on the Japanese market.
Investment decisions for the fund will be made by OQCI GP, which will act as the general partner of the fund. ORIX and QIA will be the only two investors in the fund, committed to contributing 60% and 40% of the capital, respectively.
ORIX will provide the GP with introductions to potential investment targets, post-investment monitoring, and advisory support for portfolio companies.
"Japan represents a core component of QIA’s long-term private equity strategy. With disciplined valuations, a deep pipeline of governance-driven deals, and growing global investor interest, we see this as an exceptional opportunity to partner with best-in-class Japanese businesses to create value," said Mohammed Saif al-Sowaidi, chief executive officer of QIA.
Highlighting that it is the first international partner in ORIX’s inaugural private equity fund in Japan in its 60-year history; he said this partnership will enable both parties to capitalise on market opportunities and support ORIX’s ambition to build a thriving asset management initiative.
Makoto Inoue, Representative executive officer, chairman and chief executive officer of ORIX said QIA is a significant and influential sovereign wealth fund, and it is pleased to be able to help it increase its investments in the Japanese economy.
"ORIX has built up considerable expertise in private equity investment in Japan. This partnership is the next logical step on the path to improving the corporate value of companies with high-growth potential," he said.
Moreover, it will contribute to Japan’s broader industrial development. Increasing the portion of third-party funds in ORIX’s investment portfolio will enhance capital efficiency and help further grow asset management business, according to him.
"This partnership is a key strategic move to help realize our long-term growth strategy," he said.
QIA and ORIX will together aim to enhance the corporate value of companies with high-growth potential and contribute to the advancement of Japanese industry.
"We will also explore opportunities for collaboration across other fields," it said.
Following the guidelines published by the Japanese Ministry of Economy, Trade and Industry (METI) and the request for management reforms by the Tokyo Stock Exchange, Japan’s M&A market has been seeing a surge in listed companies going private, corporate reorganizations, and carve-outs.
As deal sizes become larger, and against the backdrop of Japan’s stable economy and society, an increasing amount of foreign capital has been flowing into the market.
The fund will invest in Japanese companies, primarily targeting business succession, privatisation of listed companies, and carve-outs (the transfer of business divisions or subsidiaries from large corporations), with an enterprise value investment size of at least 30bn yen (about $200mn) per investment.
This marks the first time that ORIX has launched a fund that welcomes capital from an international third-party investor for domestic private equity investment in Japan. It is also the first time QIA has invested in a domestic private equity fund focused solely on the Japanese market.
Investment decisions for the fund will be made by OQCI GP, which will act as the general partner of the fund. ORIX and QIA will be the only two investors in the fund, committed to contributing 60% and 40% of the capital, respectively.
ORIX will provide the GP with introductions to potential investment targets, post-investment monitoring, and advisory support for portfolio companies.
"Japan represents a core component of QIA’s long-term private equity strategy. With disciplined valuations, a deep pipeline of governance-driven deals, and growing global investor interest, we see this as an exceptional opportunity to partner with best-in-class Japanese businesses to create value," said Mohammed Saif al-Sowaidi, chief executive officer of QIA.
Highlighting that it is the first international partner in ORIX’s inaugural private equity fund in Japan in its 60-year history; he said this partnership will enable both parties to capitalise on market opportunities and support ORIX’s ambition to build a thriving asset management initiative.
Makoto Inoue, Representative executive officer, chairman and chief executive officer of ORIX said QIA is a significant and influential sovereign wealth fund, and it is pleased to be able to help it increase its investments in the Japanese economy.
"ORIX has built up considerable expertise in private equity investment in Japan. This partnership is the next logical step on the path to improving the corporate value of companies with high-growth potential," he said.
Moreover, it will contribute to Japan’s broader industrial development. Increasing the portion of third-party funds in ORIX’s investment portfolio will enhance capital efficiency and help further grow asset management business, according to him.
"This partnership is a key strategic move to help realize our long-term growth strategy," he said.
QIA and ORIX will together aim to enhance the corporate value of companies with high-growth potential and contribute to the advancement of Japanese industry.
"We will also explore opportunities for collaboration across other fields," it said.
Following the guidelines published by the Japanese Ministry of Economy, Trade and Industry (METI) and the request for management reforms by the Tokyo Stock Exchange, Japan’s M&A market has been seeing a surge in listed companies going private, corporate reorganizations, and carve-outs.
As deal sizes become larger, and against the backdrop of Japan’s stable economy and society, an increasing amount of foreign capital has been flowing into the market.
Source: GULF TIMES