Key Features of the Investment Corporation
1．Key Features of HiJoJo Global Unicorn Investment Corporation (HiJoJo PEIT)
HiJoJo PEIT is Japan's first venture investment corporation established to invest in unlisted equity securities — including global unicorn companies — both in Japan and overseas.
It brings together three defining strengths in a single vehicle: investment in global unicorns, the use of a venture investment corporation structure, and HiJoJo Partners' established track record.
- Investing in the global unicorns driving the world's growth The fund focuses on the dynamism of overseas markets, which continue to produce one innovative, world-leading company after another, and invests in global unicorns. It also considers investment in domestic unicorns, contributing to the supply of growth capital for globally competitive Japanese startups.
- Opening access to a new asset class By making use of the venture investment corporation framework — a structure with a high degree of legal, accounting, and tax transparency — HiJoJo PEIT turns investment in unlisted equity, traditionally the preserve of institutional investors, into a more open and accessible investment product. It offers a broad range of investors access to a new asset class: global unlisted equity.
- Strengthening sourcing capability through HiJoJo's proprietary track record For HiJoJo PEIT, JAMP Fund Management Co., Ltd. serves as the asset management company, with HiJoJo acting as the sub-delegated investment manager responsible for selecting investments and making investment decisions. As a Japanese asset manager, HiJoJo has continuously formed funds specializing in global unicorns, with cumulative sales exceeding JPY 60 billion as of the end of June 2026. It has further strengthened its sourcing capabilities through a capital and business alliance with Nasdaq Private Market in the United States and the establishment of a U.S. office.
2．The Significance of Investing in Global Unicorns
Through investment in global unicorns with the characteristics shown below, HiJoJo PEIT seeks to pursue mid- to long-term capital gains and maximize returns, while offering investors access to a new asset class: global unlisted equity.
| General Characteristics of Global Unicorns (*) | |
|---|---|
| Business model | An established track record and revenue base, with generally stable profitability and business operations |
| Growth potential | Despite high valuations, many names still offer greater growth potential than listed equities |
| Liquidity | Secondary-market liquidity exists, and some names can be bought and sold |
| Fair value measurement | Fair value is comparatively straightforward to determine for names with available secondary pricing |
| Exit | IPOs and M&A serve as the principal means of realizing investment returns |
| Bankruptcy risk | Relatively lower bankruptcy risk than early-stage companies, given greater business scale and fundraising capacity |
| Public information | Despite being unlisted, publicly available information such as news coverage is comparatively accessible |
- * Not all global unicorns share these characteristics. Nor is it guaranteed that HiJoJo PEIT's investments will exhibit these characteristics, or that the fund will be able to invest in global unicorns that do.