RT Journal Article SR Electronic T1 Emerging Trends in the Japanese Venture Capital Industry JF The Journal of Private Equity FD Institutional Investor Journals SP 39 OP 49 DO 10.3905/jpe.2000.319976 VO 4 IS 1 A1 Masaki Kuroki A1 Mark P. Rice A1 Pier A. Abetti YR 2000 UL https://pm-research.com/content/4/1/39.abstract AB The Japanese venture capiatal industry consists of three types of firms: (1) venture capital firms affiliated with major financial institutions (hereafter AVCFs), (2) independent venture capital firms (hereafter IVCFs), and (3) government-related venture capital organizations (hereafter GVCOs). GVCOs are primarily a source of debt capital, and act either through other venture capital firms or through direct investment in new ventures. AVCFs manage capital to primarily to promote the diversification plans of their parent firms, and secondarily for a financial return on investment. IVCFs are focused on achieving a superior financial return on investment for their investors. The management style of AVCFs is similar to that of traditonal Japanese companies and relies on multiple functional departments. By comparison, the management style of IVCFs is similar to that of American classical independent venure capital firms. In addition, AVCFs are reorganizing their structure for managing venture capital funds.