The University of Tokyo Edge Capital Partners Co., Ltd. (UTEC) announced the first close of its new fund, UTEC 5 Limited Partnership (UTEC 5). UTEC 5 is expected to exceed $275 million (30 billion yen) in total by June 2021.
The aggregated amount of Assets Under Management (AUM) from UTEC 1 to UTEC 5 amounts to approximately $780 million (85 billion yen), making it the largest venture capital fund in Japan in science and technology fields, and one of the largest deep-tech funds in Asia.
UTEC 5 is backed by leading institutional investors from Japan and greater Asia, including a large Southeast Asian sovereign wealth fund.
