{"id":1623,"date":"2020-06-04T16:29:25","date_gmt":"2020-06-04T07:29:25","guid":{"rendered":"https:\/\/www.akebono-am.com\/?p=1623"},"modified":"2020-06-04T16:29:25","modified_gmt":"2020-06-04T07:29:25","slug":"%e7%b4%94%e6%8a%95%e8%b3%87%e7%9b%ae%e7%9a%84%e3%81%ae%e5%9b%bd%e5%86%85vc%e3%83%95%e3%82%a1%e3%83%b3%e3%83%89%e3%81%ab%e7%89%b9%e5%8c%96%e3%81%97%e3%81%9f%e6%96%b0%e3%81%97%e3%81%84%e3%83%91%e3%83%95","status":"publish","type":"post","link":"https:\/\/d1c5fktx0hz30r.cloudfront.net\/?p=1623","title":{"rendered":"\u7d14\u6295\u8cc7\u76ee\u7684\u306e\u56fd\u5185VC\u30d5\u30a1\u30f3\u30c9\u306b\u7279\u5316\u3057\u305f\u65b0\u3057\u3044\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u306b\u5f53\u793e\u4ee3\u8868\u767d\u6728\u304c\u8ca2\u732e"},"content":{"rendered":"<ul class=\"bogo-language-switcher list-view\"><li class=\"en-US en first\"><span class=\"bogoflags bogoflags-us\"><\/span> <span class=\"bogo-language-name\"><a rel=\"alternate\" hreflang=\"en-US\" href=\"https:\/\/d1c5fktx0hz30r.cloudfront.net\/?lang=en\" title=\"\u82f1\u8a9e\">English<\/a><\/span><\/li>\n<li class=\"ja current last\"><span class=\"bogoflags bogoflags-jp\"><\/span> <span class=\"bogo-language-name\"><a rel=\"alternate\" hreflang=\"ja\" href=\"https:\/\/d1c5fktx0hz30r.cloudfront.net\/\" title=\"\u65e5\u672c\u8a9e\" class=\"current\" aria-current=\"page\">\u65e5\u672c\u8a9e<\/a><\/span><\/li>\n<\/ul>\n<blockquote><p>\u56fd\u5185\u306e\u30d9\u30f3\u30c1\u30e3\u30fc\u30ad\u30e3\u30d4\u30bf\u30eb\uff08VC\uff09\u30d5\u30a1\u30fc\u30e0\u300124\u793e\u304b\u3089\u3001\u5404\u793e\u904b\u7528\u30d5\u30a1\u30f3\u30c9\u306e\u30c7\u30fc\u30bf\uff082018\u5e74\u672b\u6642\u70b9\uff09\u3092\u53ce\u96c6\u3057\u3066\u3001\u30d5\u30a1\u30f3\u30c9\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u6e2c\u5b9a\u3057\u307e\u3057\u305f\u30022010\u5e74\u304b\u30892014\u5e74\u306b\u8a2d\u7acb\u3055\u308c\u305f\u30d5\u30a1\u30f3\u30c9\u306e\u30cd\u30c3\u30c8\u30de\u30eb\u30c1\u30d7\u30eb\uff08\u4e2d\u592e\u5024\uff09\u306f\uff11.5\u500d\u4ee5\u4e0a\u3001\u30cd\u30c3\u30c8IRR\uff08\u4e2d\u592e\u5024\uff09\u306f14\uff05\u3092\u4e0a\u56de\u308b\u904b\u7528\u6210\u7e3e\u3092\u307f\u305b\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u4e16\u754c\u91d1\u878d\u5371\u6a5f\u76f4\u5f8c\uff082010\u5e74\uff5e2012\u5e74\uff09\u306b\u8a2d\u7acb\u3055\u308c\u305f\u30d5\u30a1\u30f3\u30c9\u306f\u3068\u308a\u308f\u3051\u512a\u308c\u305f\u30ea\u30bf\u30fc\u30f3\u3092\u4e0a\u3052\u3066\u3044\u308b\u3053\u3068\u304c\u308f\u304b\u308a\u307e\u3057\u305f\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-medium wp-image-1626\" src=\"https:\/\/www.akebono-am.com\/site\/wp-content\/uploads\/2020\/06\/d54135-4-514218-3-300x120.jpg\" alt=\"\" width=\"300\" height=\"120\" srcset=\"https:\/\/d1c5fktx0hz30r.cloudfront.net\/wp-content\/uploads\/2020\/06\/d54135-4-514218-3-300x120.jpg 300w, https:\/\/d1c5fktx0hz30r.cloudfront.net\/wp-content\/uploads\/2020\/06\/d54135-4-514218-3.jpg 600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p>\u672c\u65e5\u3001\u5f53\u793e\u4ee3\u8868\u53d6\u7de0\u5f79\u3001\u767d\u6728\u4fe1\u4e00\u90ce\u304c<span lang=\"EN-US\">LP <\/span>\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30b7\u30c3\u30d7\u90e8\u4f1a\u9577\u3092\u52d9\u3081\u308b\u4e00\u822c\u793e\u56e3\u6cd5\u4eba\u65e5\u672c\u30d9\u30f3\u30c1\u30e3\u30fc\u30ad\u30e3\u30d4\u30bf\u30eb\u5354\u4f1a\uff08\u4ee5\u4e0b<span lang=\"EN-US\">JVCA<\/span>\uff09\u3068\u5171\u540c\u3067 <span lang=\"EN-US\">Preqin<\/span>\u5408\u540c\u4f1a\u793e\u304c\u3001\u56fd\u5185<span lang=\"EN-US\">VC<\/span>\u30d5\u30a1\u30f3\u30c9\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u3092\u65b0\u305f\u306b\u4f5c\u6210\u3057\u3001\u305d\u306e\u8a73\u7d30\u3092\u300c<span lang=\"EN-US\">Preqin<\/span>\u65e5\u672c\u7279\u96c6\uff1a\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u300d\u3068\u3057\u3066\u516c\u958b\u3057\u307e\u3057\u305f\u306e\u3067\u3001\u304a\u77e5\u3089\u305b\u3044\u305f\u3057\u307e\u3059\u3002\u306a\u304a\u3001\u767d\u6728\u306f\u3001<span lang=\"EN-US\">JVCA<\/span>\u306e<span lang=\"EN-US\">LP<\/span>\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30b7\u30c3\u30d7\u90e8\u4f1a\u9577\u3068\u3057\u3066\u672c\u4ef6\u306b\u8ca2\u732e\u3092\u3055\u305b\u3066\u3044\u305f\u3060\u304d\u307e\u3057\u305f\u3002<\/p>\n<h3>\u5831\u544a\u66f8\u306e\u30c0\u30a6\u30f3\u30ed\u30fc\u30c9\uff08\u7121\u6599\uff09\u306f\u3053\u3061\u3089<\/h3>\n<p><a title=\"https:\/\/go.preqin.com\/ja\/a-new-performance-benchmark-for-japanese-venture-capital\" href=\"https:\/\/go.preqin.com\/ja\/a-new-performance-benchmark-for-japanese-venture-capital\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/go.preqin.com\/ja\/a-new-performance-benchmark-for-japanese-venture-capital<\/a><\/p>\n<p>&nbsp;<\/p>\n<h2>\u56fd\u5185<span lang=\"EN-US\">VC<\/span>\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u306e\u30b5\u30de\u30ea\u30fc<\/h2>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>\u7d14\u6295\u8cc7\u76ee\u7684\u306e\u30d5\u30a1\u30f3\u30c9\u306e\u307f\u3092\u5bfe\u8c61\u3068\u3057\u305f\u3001\u56fd\u5185\u521d\u306e<span lang=\"EN-US\">VC<\/span>\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u30d9\u30f3\u30c1\u30de\u30fc\u30af<br \/>\n\u30fb\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u6642\u4fa1\u8a55\u4fa1\u306b\u306f\u56fd\u969b\u57fa\u6e96\u3001\u65e5\u672c\u57fa\u6e96\u3001\u72ec\u81ea\u57fa\u6e96\u3092\u63a1\u7528\u3057\u305f\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u578b\u306e\u30d9\u30f3\u30c1\u30de\u30fc\u30af\uff08\u203b\u30cf\u30a4\u30d6\u30ea\u30c3\u30c8\u578b\u306e\u305f\u3081\u3001\u4e00\u90e8\u6307\u6a19\u306f\u56fd\u969b\u6bd4\u8f03\u306b\u306f\u9069\u3057\u3066\u3044\u307e\u305b\u3093\u3002\uff09<\/li>\n<li>\u4e16\u754c\u91d1\u878d\u5371\u6a5f\u3092\u53d7\u3051\u3001\u56fd\u5185<span lang=\"EN-US\">VC<\/span>\u30d5\u30a1\u30f3\u30c9\u3078\u306e\u8cc7\u91d1\u6d41\u5165\u306f\u5927\u5e45\u306b\u6e1b\u5c11\u3057\u305f\u304c\u3001<span lang=\"EN-US\">2013<\/span>\u5e74\u4ee5\u964d\u306f\u56de\u5fa9\u57fa\u8abf\u3092\u8fbf\u308a\u3001<span lang=\"EN-US\">2017<\/span>\u5e74\u306b\u306f<span lang=\"EN-US\">2007<\/span>\u5e74\u3092\u4e0a\u56de\u308b\u6c34\u6e96<\/li>\n<li>\u30d5\u30a1\u30f3\u30c9\u51fa\u8cc7\u8005\u3078\u306e\u5206\u914d\u306f<span lang=\"EN-US\">2012<\/span>\u5e74\u304b\u3089\uff14\u5e74\u9023\u7d9a\u3067\u5897\u52a0\u3057\u3001<span lang=\"EN-US\">2015<\/span>\u5e74\u306b\u306f<span lang=\"EN-US\">76<\/span>\u672c\u306e\u30d5\u30a1\u30f3\u30c9\u5168\u4f53\u3067\u7dcf\u984d<span lang=\"EN-US\">1,000<\/span>\u5104\u5186\u8fd1\u304f\u306e\u5206\u914d\u3092\u8a18\u9332<\/li>\n<li><span lang=\"EN-US\">2010<\/span>\u5e74\u304b\u3089<span lang=\"EN-US\">2014<\/span>\u5e74\u306e\u9593\u306b\u8a2d\u7acb\u3055\u308c\u305f\u30d5\u30a1\u30f3\u30c9\u306e\u30cd\u30c3\u30c8\u30de\u30eb\u30c1\u30d7\u30eb\uff08\u4e2d\u592e\u5024\uff09\u306f\uff11<span lang=\"EN-US\">.5<\/span>\u500d\u4ee5\u4e0a\u3001\u30cd\u30c3\u30c8<span lang=\"EN-US\">IRR<\/span>\uff08\u4e2d\u592e\u5024\uff09\u306f<span lang=\"EN-US\">14<\/span>\uff05\u3092\u4e0a\u56de\u308b\uff08<span lang=\"EN-US\">2018<\/span>\u5e74\u672b\u6642\u70b9\uff09<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>\u203b\u5831\u544a\u66f8\u5185\u3067\u306f\u3001\u5404\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u6307\u6a19\uff08<span lang=\"EN-US\">PIC<\/span>\u3001<span lang=\"EN-US\">DPI<\/span>\u3001<span lang=\"EN-US\">RVPI<\/span>\u3001\u30cd\u30c3\u30c8<span lang=\"EN-US\">IRR<\/span>\u3001\u30cd\u30c3\u30c8\u30de\u30eb\u30c1\u30d7\u30eb\uff09\u306e\u4e2d\u592e\u5024\u3084<span lang=\"EN-US\">LP<\/span>\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u30d1\u30bf\u30fc\u30f3\u306e\u5206\u6790\u3082\u63d0\u4f9b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-medium wp-image-1624\" src=\"https:\/\/www.akebono-am.com\/site\/wp-content\/uploads\/2020\/06\/d54135-4-406348-1-300x266.png\" alt=\"\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8\u306e\u753b\u9762\" width=\"300\" height=\"266\" srcset=\"https:\/\/d1c5fktx0hz30r.cloudfront.net\/wp-content\/uploads\/2020\/06\/d54135-4-406348-1-300x266.png 300w, https:\/\/d1c5fktx0hz30r.cloudfront.net\/wp-content\/uploads\/2020\/06\/d54135-4-406348-1.png 650w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<h3><span lang=\"EN-US\">Preqin<\/span><span lang=\"EN-US\">APAC<\/span>\u30d7\u30ed\u30c0\u30af\u30c8\u8cac\u4efb\u8005\u3000<span lang=\"EN-US\">Jie Sin Chia<\/span>\u6c0f\u306e\u30b3\u30e1\u30f3\u30c8<\/h3>\n<p>\u65e5\u672c\u306e<span lang=\"EN-US\">VC<\/span>\u696d\u754c\u304c\u6025\u901f\u306b\u6210\u9577\u3057\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u5e02\u5834\u53c2\u5165\u304c\u9032\u3080\u4eca\u65e5\u3001\u3088\u308a\u591a\u304f\u306e\u30c7\u30fc\u30bf\u3068\u900f\u660e\u6027\u304c\u6c42\u3081\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><span lang=\"EN-US\">Preqin<\/span>\u306f\u3001<span lang=\"EN-US\">JVCA<\/span>\u3068\u5171\u306b\u3001\u672c\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u3092\u65b0\u305f\u306b\u4f5c\u6210\u3057\u3001\u65e5\u672c\u306e<span lang=\"EN-US\">VC<\/span>\u696d\u754c\u306b\u30b9\u30dd\u30c3\u30c8\u30e9\u30a4\u30c8\u3092\u5f53\u3066\u308b\u4e00\u52a9\u3068\u306a\u308c\u308b\u3053\u3068\u3092\u8a87\u308a\u306b\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u65e5\u672c\u306f\u4e16\u754c\u7b2c<span lang=\"EN-US\">3<\/span>\u4f4d\u306e\u7d4c\u6e08\u5927\u56fd\u3067\u3042\u308a\u3001\u653f\u5e9c\u306e\u30a4\u30cb\u30b7\u30a2\u30c6\u30a3\u30d6\u3084\u4f01\u696d\u304b\u3089\u306e\u95a2\u5fc3\u306b\u3088\u308a\u3001\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u4f01\u696d\u306e\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u304c\u5f37\u5316\u3055\u308c\u3064\u3064\u3042\u308b\u3053\u3068\u304b\u3089\u3001\u65e5\u672c\u306e<span lang=\"EN-US\">VC<\/span>\u696d\u754c\u306f\u3001\u4eca\u5f8c\u3082\u5927\u304d\u304f\u6210\u9577\u3057\u3066\u3044\u304f\u3053\u3068\u304c\u671f\u5f85\u3055\u308c\u307e\u3059\u3002<\/p>\n<p><span lang=\"EN-US\">Preqin<\/span>\u306f\u56fd\u5185<span lang=\"EN-US\">VC<\/span>\u696d\u754c\u306e\u4eca\u5f8c\u306e\u767a\u5c55\u3092\u652f\u3048\u3001\u56fd\u5185\u5916\u306e\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u65e5\u672c\u306e<span lang=\"EN-US\">VC<\/span>\u3092\u6295\u8cc7\u5148\u3068\u3057\u3066\u898b\u3066\u3044\u305f\u3060\u3051\u308b\u3088\u3046\u3001\u696d\u754c\u306e\u7686\u3055\u307e\u3068\u5354\u529b\u3057\u3066\u900f\u660e\u6027\u306e\u4fc3\u9032\u306b\u53d6\u308a\u7d44\u3093\u3067\u53c2\u308a\u307e\u3059\u3002<\/p>\n<h3><span lang=\"EN-US\">JVCA <\/span><strong>\u3000<span lang=\"EN-US\">L\uff30<\/span>\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u90e8\u4f1a\u9577\u3000\u767d\u6728\u4fe1\u4e00\u90ce\u6c0f\u306e\u30b3\u30e1\u30f3\u30c8<\/strong><\/h3>\n<p>\u65e5\u9803\u304b\u3089\u3001\u5f53\u5354\u4f1a\u306e\u6d3b\u52d5\u306b\u3054\u7406\u89e3\u3068\u3054\u5354\u529b\u3092\u8cdc\u308a\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u3053\u306e\u5ea6\u3001<span lang=\"EN-US\">JVCA<\/span>\u3067\u306f\u3001\u898f\u6a21\u3001\u8cea\u3068\u3082\u306b\u6210\u9577\u3092\u7d9a\u3051\u3001\u56fd\u5185\u5916\u306e\u6ce8\u76ee\u3092\u96c6\u3081\u3066\u3044\u308b\u65e5\u672c\u306e<span lang=\"EN-US\">VC<\/span>\u306b\u5bfe\u3057\u3066\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u7686\u69d8\u304c\u3088\u308a\u6295\u8cc7\u3092\u884c\u3044\u3084\u3059\u304f\u3059\u308b\u305f\u3081\u306b\u3001<span lang=\"EN-US\">Preqin<\/span>\u793e\u3068\u5171\u540c\u3067\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u3092\u4f5c\u6210\u3057\u3001\u958b\u793a\u3059\u308b\u3053\u3068\u306b\u3044\u305f\u3057\u307e\u3057\u305f\u3002<span lang=\"EN-US\"><br \/>\n<\/span>\u65e5\u672c\u306e<span lang=\"EN-US\">VC<\/span>\u306b\u3088\u308b\u8cc7\u7523\u904b\u7528\u898f\u6a21\u306f<span lang=\"EN-US\">2019<\/span>\u5e74\u306b<span lang=\"EN-US\">4000<\/span>\u5104\u5186\u306b\u9054\u3057\u3001\u904e\u53bb\u6700\u9ad8\u3092\u8a18\u9332\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u65e5\u672c\u306e\u5e02\u5834\u898f\u6a21\u3084\u6b27\u7c73\u306e\u72b6\u6cc1\u3092\u52d8\u6848\u3059\u308b\u3068\u3001\u5927\u304d\u306a\u6210\u9577\u4f59\u5730\u306e\u3042\u308b\u696d\u754c\u3067\u3059\u3002<span lang=\"EN-US\">JVCA<\/span>\u306f\u3001\u5354\u4f1a\u30e1\u30f3\u30d0\u30fc\u3067\u3042\u308b<span lang=\"EN-US\">VC<\/span>\u5404\u793e\u306e\u5354\u529b\u306e\u3082\u3068\u3001\u672c\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u3092\u7d99\u7d9a\u7684\u306b\u30a2\u30c3\u30d7\u30c7\u30fc\u30c8\u3057\u3001\u3088\u308a\u591a\u304f\u306e\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u7686\u69d8\u306b\u65e5\u672c\u306e<span lang=\"EN-US\">VC<\/span>\u3078\u306e\u7406\u89e3\u3092\u6df1\u3081\u3066\u3044\u305f\u3060\u304d\u3001\u6295\u8cc7\u306b\u3064\u306a\u3052\u3066\u3044\u305f\u3060\u3051\u308b\u3088\u3046\u3001\u5f15\u304d\u7d9a\u304d\u7a4d\u6975\u7684\u306b\u6d3b\u52d5\u3057\u3066\u307e\u3044\u308a\u307e\u3059\u3002<\/p>\n<h2>\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u7b56\u5b9a\u306e\u80cc\u666f<\/h2>\n<p>\u56fd\u5185<span lang=\"EN-US\">VC<\/span>\u696d\u754c\u306f\u3001\u8fd1\u5e74\u3001\u72ec\u7acb\u7cfb<span lang=\"EN-US\">VC<\/span>\u306e\u5897\u52a0\u3084\u4e8b\u696d\u4f1a\u793e\u306a\u3089\u3073\u306b\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30d9\u30f3\u30c1\u30e3\u30fc\u30ad\u30e3\u30d4\u30bf\u30eb\uff08<span lang=\"EN-US\">CVC<\/span>\uff09\u304b\u3089\u306e\u8cc7\u91d1\u4f9b\u7d66\u3092\u53d7\u3051\u3001\u76ee\u899a\u307e\u3057\u3044\u6210\u9577\u3092\u9042\u3052\u3066\u304d\u307e\u3057\u305f\u3002\u3068\u306f\u3044\u3048\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u304b\u3089\u306e\u6301\u7d9a\u7684\u306a\u8cc7\u91d1\u4f9b\u7d66\u306b\u652f\u3048\u3089\u308c\u308b\u7c73\u56fd<span lang=\"EN-US\">VC<\/span>\u696d\u754c\u3068\u6bd4\u8f03\u3059\u308b\u3068\u3001\u305d\u306e\u8cc7\u91d1\u91cf\u306b\u306f\u307e\u3060\u6b74\u7136\u306e\u5dee\u304c\u3042\u308b\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u65b0\u578b\u30b3\u30ed\u30ca\u306e\u5f71\u97ff\u3067\u4e8b\u696d\u4f1a\u793e\u30fb<span lang=\"EN-US\">CVC<\/span>\u304b\u3089\u306e\u8cc7\u91d1\u4f9b\u7d66\u306e\u5148\u7d30\u308a\u304c\u61f8\u5ff5\u3055\u308c\u308b\u4e2d\u3001\u56fd\u5185<span lang=\"EN-US\">VC<\/span>\u696d\u754c\u304c\u30d9\u30f3\u30c1\u30e3\u30fc\u4f01\u696d\u3078\u306e\u5b89\u5b9a\u3057\u305f\u8cc7\u91d1\u4f9b\u7d66\u3092\u7d9a\u3051\u3001\u66f4\u306a\u308b\u6210\u9577\u3092\u9042\u3052\u308b\u305f\u3081\u306b\u306f\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u304b\u3089\u306e\u904b\u7528\u8cc7\u91d1\u62e1\u5927\u304c\u6b20\u304b\u305b\u307e\u305b\u3093\u3002<\/p>\n<p>\u4e00\u65b9\u3067\u3001\u56fd\u5185<span lang=\"EN-US\">VC<\/span>\u696d\u754c\u306b\u306f\u3001\u6295\u8cc7\u5bb6\u304c\u51fa\u8cc7\u5148\u30d5\u30a1\u30f3\u30c9\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u76f8\u5bfe\u7684\u306b\u8a55\u4fa1\u3059\u308b\u305f\u3081\u306b\u5fc5\u8981\u306a\u696d\u754c\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u304c\u5b58\u5728\u305b\u305a\u3001\u56fd\u5185\u6a5f\u95a2\u6295\u8cc7\u5bb6\u304b\u3089\u306f\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u7b56\u5b9a\u3092\u6c42\u3081\u308b\u58f0\u304c\u9ad8\u307e\u3063\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u3053\u3046\u3057\u305f\u6a5f\u95a2\u6295\u8cc7\u5bb6\u304b\u3089\u306e\u30cb\u30fc\u30ba\u306b\u5fdc\u3048\u308b\u3079\u304f\u3001<span lang=\"EN-US\">Preqin<\/span>\u306f<span lang=\"EN-US\">JVCA<\/span>\u3068\u5171\u540c\u3067\u3001\u56fd\u5185<span lang=\"EN-US\">VC<\/span>\u30d9\u30f3\u30c1\u2015\u30de\u30fc\u30af\u306e\u7b56\u5b9a\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u3092\u7acb\u3061\u4e0a\u3052\u307e\u3057\u305f\u3002<\/p>\n<p>\u7b2c\u4e09\u8005\u6a5f\u95a2\u3068\u3057\u3066\u4e2d\u7acb\u7684\u306a\u7acb\u5834\u3067\u3042\u308b<span lang=\"EN-US\">Preqin<\/span>\u304c\u3001\u696d\u754c\u4f01\u696d\u304b\u3089\u6210\u308b<span lang=\"EN-US\">JVCA<\/span>\u304b\u3089\u72ec\u7acb\u3057\u3066\u30c7\u30fc\u30bf\u3092\u53ce\u96c6\u30fb\u7ba1\u7406\u30fb\u5206\u6790\u3059\u308b\u3053\u3068\u3067\u3001\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u306e\u4fe1\u983c\u6027\u3092\u62c5\u4fdd\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<h2>\u8abf\u67fb\u65b9\u6cd5<\/h2>\n<p>\u672c\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u3067\u306f\u3001<span lang=\"EN-US\">JVCA<\/span>\u4f1a\u54e1\u4f01\u696d\u306b\u3088\u308a<span lang=\"EN-US\">2000<\/span>\u5e74\u4ee5\u964d\u306b\u8a2d\u7acb\u3055\u308c\u305f<span lang=\"EN-US\">VC<\/span>\u30d5\u30a1\u30f3\u30c9\u306e\u4e2d\u304b\u3089\u3001\u7d14\u6295\u8cc7\u76ee\u7684\u3067\u7b2c\u4e09\u8005\u306e\u8cc7\u91d1\u3092\u904b\u7528\u3059\u308b\u30d5\u30a1\u30f3\u30c9\u306e\u307f\u3092\u53c2\u52a0\u5bfe\u8c61\u3068\u3057\u3066\u3044\u307e\u3059\u3002<span lang=\"EN-US\"><br \/>\n<\/span>\u5bfe\u8c61\u30d5\u30a1\u30f3\u30c9\u306f<span lang=\"EN-US\">24<\/span>\u793e\u304c<span lang=\"EN-US\">2000<\/span>\u5e74\u304b\u3089<span lang=\"EN-US\">2018<\/span>\u5e74\u306b\u8a2d\u7acb\u3057\u305f\u30d5\u30a1\u30f3\u30c9<span lang=\"EN-US\">76<\/span>\u672c\u3067\u3001\u91d1\u984d\u30d9\u30fc\u30b9\u3067\u306f\u540c\u671f\u9593\u306b\u56fd\u5185<span lang=\"EN-US\">GP<\/span>\u306b\u3088\u308a\u8a2d\u7acb\u3055\u308c\u305f<span lang=\"EN-US\">VC<\/span>\u30d5\u30a1\u30f3\u30c9\u306e\u7d04<span lang=\"EN-US\">4<\/span>\u5272\u3092\u5360\u3081\u308b\u898f\u6a21\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u53c2\u52a0\u4f01\u696d\u304b\u3089\u76f4\u63a5\u63d0\u4f9b\u3055\u308c\u305f\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306a\u3089\u3073\u306b<span lang=\"EN-US\">2018<\/span>\u5e74\u672b\u6642\u70b9\u306e\u7d14\u8cc7\u7523\u4fa1\u5024\uff08<span lang=\"EN-US\">NAV<\/span>\uff09\u3092\u5229\u7528\u3057\u3066\u3001\u5404\u30d5\u30a1\u30f3\u30c9\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u6e2c\u5b9a\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u30c7\u30fc\u30bf\u3092\u53d7\u9818\u5f8c\u3001<span lang=\"EN-US\">Preqin<\/span>\u306e\u30a2\u30ca\u30ea\u30b9\u30c8\u304c\u63d0\u4f9b\u30c7\u30fc\u30bf\u3092\u7cbe\u67fb\u3057\u3066\u304a\u308a\u3001\u8981\u4ef6\u3092\u6e80\u305f\u3055\u306a\u3044\uff08\u554f\u5408\u305b\u306b\u5bfe\u5fdc\u3044\u305f\u3060\u3051\u306a\u3044\u5834\u5408\u3092\u542b\u3080\uff09\u30d5\u30a1\u30f3\u30c9\u306f\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u304b\u3089\u9664\u5916\u3057\u3066\u3044\u307e\u3059\u3002\u30d5\u30a1\u30f3\u30c9<span lang=\"EN-US\">NAV<\/span>\u306e\u6642\u4fa1\u8a55\u4fa1\u306f\u56fd\u969b\u57fa\u6e96\u306b\u6e96\u62e0\u3057\u305f\u516c\u6b63\u4fa1\u5024\u8a55\u4fa1\u3092\u6700\u512a\u5148\u3068\u3057\u3001\u56fd\u969b\u57fa\u6e96\u304c\u96e3\u3057\u3044\u5834\u5408\u306f\u3001\u666e\u6bb5\u5229\u7528\u3057\u3066\u3044\u308b\u56fd\u5185\u57fa\u6e96\u306b\u5f93\u3063\u305f\u30c7\u30fc\u30bf\u3092\u5229\u7528\u3057\u3066\u3044\u307e\u3059\u3002<span lang=\"EN-US\"><br \/>\n<\/span>\u307e\u305f\u3001\u901a\u5e38\u8a55\u4fa1\u76ca\u3092\u8a08\u4e0a\u3057\u3066\u3044\u306a\u3044\u30d5\u30a1\u30f3\u30c9\u306b\u306f<span lang=\"EN-US\">180<\/span>\u65e5\u4ee5\u5185\u306e\u30a8\u30af\u30a4\u30c6\u30a3\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u306b\u5229\u7528\u3055\u308c\u305f\u76f4\u8fd1\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u4fa1\u984d\u3067\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u518d\u8a55\u4fa1\u3044\u305f\u3060\u304d\u307e\u3057\u305f\u3002<\/p>\n<p>\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u6642\u4fa1\u8a55\u4fa1\u306b\u95a2\u3059\u308b\u8a73\u7d30\u306f\u3001\u5831\u544a\u66f8\u5185\u306e\u8abf\u67fb\u65b9\u6cd5\u6b04\uff08<span lang=\"EN-US\">P.3<\/span>\uff09\u3092\u3054\u53c2\u7167\u304f\u3060\u3055\u3044\u3002<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-medium wp-image-1625\" src=\"https:\/\/www.akebono-am.com\/site\/wp-content\/uploads\/2020\/06\/d54135-4-627664-2-300x246.png\" alt=\"\u6587\u5b57\u3068\u5199\u771f\u306e\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8\" width=\"300\" height=\"246\" srcset=\"https:\/\/d1c5fktx0hz30r.cloudfront.net\/wp-content\/uploads\/2020\/06\/d54135-4-627664-2-300x246.png 300w, https:\/\/d1c5fktx0hz30r.cloudfront.net\/wp-content\/uploads\/2020\/06\/d54135-4-627664-2.png 650w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<h2>\u53c2\u52a0\u4f01\u696d\u4e00\u89a7\uff08<span lang=\"EN-US\">24<\/span>\u793e\uff08\u793e\u540d\u4e94\u5341\u97f3\u9806\uff09\uff09<\/h2>\n<p>\u30a2\u30fc\u30ad\u30bf\u30a4\u30d7\u30d9\u30f3\u30c1\u30e3\u30fc\u30ba\u682a\u5f0f\u4f1a\u793e<span lang=\"EN-US\"><br \/>\nANRI<\/span>\u682a\u5f0f\u4f1a\u793e<span lang=\"EN-US\"><br \/>\n<\/span>\u4f0a\u85e4\u5fe0\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u30d9\u30f3\u30c1\u30e3\u30fc\u30ba\u682a\u5f0f\u4f1a\u793e<span lang=\"EN-US\"><br \/>\n<\/span>\u30a4\u30f3\u30ad\u30e5\u30d9\u30a4\u30c8\u30d5\u30a1\u30f3\u30c9<span lang=\"EN-US\"><br \/>\nEight Roads Capital Advisors (Hong Kong) Limited Japan Branch<br \/>\nSBI<\/span>\u30a4\u30f3\u30d9\u30b9\u30c8\u30e1\u30f3\u30c8\u682a\u5f0f\u4f1a\u793e<span lang=\"EN-US\"><br \/>\n<\/span>\u682a\u5f0f\u4f1a\u793e\u30aa\u30d7\u30c8\u30d9\u30f3\u30c1\u30e3\u30fc\u30ba<span lang=\"EN-US\"><br \/>\n<\/span>\u682a\u5f0f\u4f1a\u793e\u74b0\u5883\u30a8\u30cd\u30eb\u30ae\u30fc\u6295\u8cc7<span lang=\"EN-US\"><br \/>\n<\/span>\u682a\u5f0f\u4f1a\u793e\u30b0\u30ed\u30fc\u30d3\u30b9\u30fb\u30ad\u30e3\u30d4\u30bf\u30eb\u30fb\u30d1\u30fc\u30c8\u30ca\u30fc\u30ba<span lang=\"EN-US\"><br \/>\n<\/span>\u682a\u5f0f\u4f1a\u793e\u6176\u61c9\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u30fb\u30a4\u30cb\u30b7\u30a2\u30c6\u30a3\u30d6<span lang=\"EN-US\"><br \/>\n<\/span>\u682a\u5f0f\u4f1a\u793e<span lang=\"EN-US\">KVP<br \/>\n<\/span>\u682a\u5f0f\u4f1a\u793e\u30b5\u30e0\u30e9\u30a4\u30a4\u30f3\u30ad\u30e5\u30d9\u30fc\u30c8<span lang=\"EN-US\"><br \/>\nGenuine Startups<br \/>\n<\/span>\u682a\u5f0f\u4f1a\u793e\u30b8\u30a7\u30cd\u30b7\u30a2\u30fb\u30d9\u30f3\u30c1\u30e3\u30fc\u30ba<span lang=\"EN-US\"><br \/>\n<\/span>\u682a\u5f0f\u4f1a\u793e\u30b8\u30e3\u30d5\u30b3<span lang=\"EN-US\"><br \/>\nSTRIVE<\/span>\u682a\u5f0f\u4f1a\u793e<span lang=\"EN-US\"><br \/>\n<\/span>\u5927\u548c\u4f01\u696d\u6295\u8cc7\u682a\u5f0f\u4f1a\u793e<span lang=\"EN-US\"><br \/>\n<\/span>\u682a\u5f0f\u4f1a\u793e<span lang=\"EN-US\">TNP<\/span>\u30aa\u30f3\u30b6\u30ed\u30fc\u30c9<span lang=\"EN-US\"><br \/>\nD4V<\/span>\u5408\u540c\u4f1a\u793e<span lang=\"EN-US\"><br \/>\n<\/span>\u682a\u5f0f\u4f1a\u793e\u6771\u4eac\u5927\u5b66\u30a8\u30c3\u30b8\u30ad\u30e3\u30d4\u30bf\u30eb\u30d1\u30fc\u30c8\u30ca\u30fc\u30ba\uff08<span lang=\"EN-US\">UTEC<\/span>\uff09<span lang=\"EN-US\"><br \/>\n<\/span>\u682a\u5f0f\u4f1a\u793e\u30c9\u30fc\u30ac\u30f3\u30fb\u30d9\u30fc\u30bf<span lang=\"EN-US\"><br \/>\n<\/span>\u65e5\u672c\u30d9\u30f3\u30c1\u30e3\u30fc\u30ad\u30e3\u30d4\u30bf\u30eb\u682a\u5f0f\u4f1a\u793e<span lang=\"EN-US\"><br \/>\n<\/span>\u682a\u5f0f\u4f1a\u793e\u30d5\u30a1\u30b9\u30c8\u30c8\u30e9\u30c3\u30af\u30a4\u30cb\u30b7\u30a2\u30c6\u30a3\u30d6<span lang=\"EN-US\"><br \/>\n<\/span>\u5408\u540c\u4f1a\u793e\u30ea\u30a2\u30eb\u30c6\u30c3\u30af\u30b8\u30e3\u30d1\u30f3<\/p>\n<h3>\u5831\u544a\u66f8\u306e\u30c0\u30a6\u30f3\u30ed\u30fc\u30c9\uff08\u7121\u6599\uff09\u306f\u3053\u3061\u3089<\/h3>\n<p><a href=\"https:\/\/go.preqin.com\/ja\/a-new-performance-benchmark-for-japanese-venture-capital\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/go.preqin.com\/ja\/a-new-performance-benchmark-for-japanese-venture-capital<\/a><\/p>\n<h3><span lang=\"EN-US\">JVCA<\/span><strong>\u306b\u3064\u3044\u3066<\/strong><\/h3>\n<p>\u5f53\u5354\u4f1a\u306f\u3001<span lang=\"EN-US\">2002<\/span>\u5e74<span lang=\"EN-US\">11<\/span>\u6708\u306e\u767a\u8db3\u4ee5\u6765\u3001<span lang=\"EN-US\">VC<\/span>\u696d\u754c\u306b\u304a\u3051\u308b\u76f8\u4e92\u9023\u643a\u3068\u30d9\u30f3\u30c1\u30e3\u30fc\u4f01\u696d\u80b2\u6210\u306e\u5f79\u5272\u3092\u4e00\u5c64\u5f37\u56fa\u306b\u3059\u308b\u3068\u3044\u3046\u76ee\u7684\u306b\u5411\u304b\u3063\u3066\u6d3b\u52d5\u3057\u3066\u53c2\u308a\u307e\u3057\u305f\u3002<span lang=\"EN-US\">VC<\/span>\u304a\u3088\u3073<span lang=\"EN-US\">CVC<\/span>\u304c\u52a0\u76df\u3059\u308b\u5f53\u5354\u4f1a\u306e\u6b63\u4f1a\u54e1\u6570\u306f\u76f4\u8fd1<span lang=\"EN-US\">3<\/span>\u5e74\u3067\u500d\u4ee5\u4e0a\u306b\u5897\u52a0\u3057\u3066<span lang=\"EN-US\">172<\/span>\u793e\u3068\u306a\u308a\u3001\u653f\u5e9c\u7cfb\u30fb\u5927\u5b66\u7cfb\u6295\u8cc7\u5bb6\u306a\u3089\u3073\u306b\u696d\u754c\u652f\u63f4\u5404\u793e\u306b\u3088\u308b\u8cdb\u52a9\u4f1a\u54e1\u3082\u542b\u3081\u308b\u3068\u3001<span lang=\"EN-US\">240<\/span>\u793e\u3068\u3044\u3046\u898f\u6a21\u3068\u306a\u3063\u3066\u304a\u308a\u307e\u3059\u3002<\/p>\n<h3><span lang=\"EN-US\">Preqin<\/span><strong>\uff08\u30d7\u30ec\u30ad\u30f3\uff09\u306b\u3064\u3044\u3066<\/strong><\/h3>\n<p><span lang=\"EN-US\">Preqin<\/span>\u306f\u201d<span lang=\"EN-US\">Home of Alternatives<\/span>\u201d\u3092\u30b3\u30f3\u30bb\u30d7\u30c8\u306b\u3001\u30aa\u30eb\u30bf\u30ca\u30c6\u30a3\u30d6\u6295\u8cc7\u696d\u754c\u3067\u6700\u3082\u5305\u62ec\u7684\u306a\u30c7\u30fc\u30bf\u30fb\u5206\u6790\u30fb\u30a4\u30f3\u30b5\u30a4\u30c8\u3092\u63d0\u4f9b\u3057\u3066\u3044\u307e\u3059\u3002<span lang=\"EN-US\"><br \/>\n2003<\/span>\u5e74\u306b\u30ed\u30f3\u30c9\u30f3\u3067\u8a2d\u7acb\u3055\u308c\u3001<span lang=\"EN-US\">2019<\/span>\u5e74\u306b\u306f\u6771\u4eac\u30aa\u30d5\u30a3\u30b9\u3092\u958b\u8a2d\u3057\u3001\u73fe\u5728\u3067\u306f\u3001\u4e16\u754c\u4e2d\u306b<span lang=\"EN-US\">11<\/span>\u62e0\u70b9\u30aa\u30d5\u30a3\u30b9\u3092\u304b\u307e\u3048\u3001\u4e16\u754c\u4e2d\u3067<span lang=\"EN-US\">31,000<\/span>\u793e\u3001<span lang=\"EN-US\">10<\/span>\u4e07\u540d\u306e\u65b9\u3005\u306b\u30b5\u30fc\u30d3\u30b9\u3092\u3054\u5229\u7528\u3044\u305f\u3060\u3044\u3066\u3044\u307e\u3059\u3002<span lang=\"EN-US\"><br \/>\n<\/span>\u7dbf\u5bc6\u306a\u30c7\u30fc\u30bf\u53ce\u96c6\u65b9\u6cd5\u306e\u958b\u62d3\u304b\u3089\u9769\u65b0\u7684\u306a\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306e\u958b\u767a\u306b\u81f3\u308b\u307e\u3067\u3001<span lang=\"EN-US\">16<\/span>\u5e74\u4ee5\u4e0a\u306b\u308f\u305f\u308a\u30aa\u30eb\u30bf\u30ca\u30c6\u30a3\u30d6\u6295\u8cc7\u3078\u306e\u7406\u89e3\u3092\u6df1\u3081\u308b\u3053\u3068\u306b\u5c3d\u529b\u3057\u3066\u304d\u307e\u3057\u305f\u3002<span lang=\"EN-US\"><br \/>\n<\/span>\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u4f01\u696d\u3068\u306e\u7dca\u5bc6\u306a\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u3092\u901a\u3058\u3066\u3001\u304a\u5ba2\u3055\u307e\u304c\u65e5\u3005\u6700\u5584\u306e\u610f\u601d\u6c7a\u5b9a\u3092\u884c\u3048\u308b\u3088\u3046\u3001\u65b0\u305f\u306a\u30c4\u30fc\u30eb\u3084\u30a4\u30f3\u30c6\u30ea\u30b8\u30a7\u30f3\u30b9\u306e\u63d0\u4f9b\u306b\u7d99\u7d9a\u7684\u306b\u53d6\u308a\u7d44\u3093\u3067\u3044\u307e\u3059\u3002<\/p>\n<h3>\u304a\u554f\u3044\u5408\u308f\u305b\u30fb\u3054\u8cea\u554f\u30fb\u53d6\u6750\u306e\u304a\u7533\u3057\u8fbc\u307f<\/h3>\n<p><span lang=\"EN-US\">Preqin<\/span>\u3067\u306f\u3001\u30e1\u30c7\u30a3\u30a2\u306e\u65b9\u3005\u5411\u3051\u306b\u8a18\u4e8b\u306b\u5fc5\u8981\u306a\u30c7\u30fc\u30bf\u7b49\u3092\u7121\u6599\u3067\u3054\u63d0\u4f9b\u3057\u3066\u304a\u308a\u307e\u3059\u3002\u3054\u5165\u7528\u306e\u969b\u306f\u4e0b\u8a18\u306e\u30e1\u30fc\u30eb\u30a2\u30c9\u30ec\u30b9\u307e\u3067\u3054\u9023\u7d61\u304f\u3060\u3055\u3044\u3002<\/p>\n<p><span lang=\"EN-US\"><br \/>\nPreqin<\/span>\u5408\u540c\u4f1a\u793e\u3000\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u3000\u51a8\u5ca1<span lang=\"EN-US\"><br \/>\nMail:<\/span>\u3000<span lang=\"EN-US\"><a href=\"mailto:asiapress@preqin.com\">asiapress@preqin.com<\/a><\/span><\/p>\n<p><span lang=\"EN-US\">\u00a0<\/span><\/p>\n<p>\u30a6\u30a7\u30d6\u30b5\u30a4\u30c8<span lang=\"EN-US\">(<\/span>\u82f1\u8a9e<span lang=\"EN-US\">)<\/span>\u3000<span lang=\"EN-US\"><a href=\"https:\/\/www.preqin.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/www.preqin.com\/<\/a><br \/>\n<\/span>\u4f1a\u793e\u6982\u8981<span lang=\"EN-US\">(<\/span>\u65e5\u672c\u8a9e<span lang=\"EN-US\">)<\/span>\u3000\u3000<span lang=\"EN-US\"><a title=\"https:\/\/go.preqin.com\/japan\" href=\"https:\/\/go.preqin.com\/japan\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/go.preqin.com\/japan<\/a><\/span><\/p>\n<h3>\u3042\u3051\u307c\u306e\u6295\u8cc7\u9867\u554f\u306b\u3064\u3044\u3066<\/h3>\n<p>\u65e5\u672c\u3067\u306f\u307e\u3060\u6570\u5c11\u306a\u3044\u3001\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30a8\u30af\u30a4\u30c6\u30a3\u30d5\u30a1\u30f3\u30c9\u3084\u30d9\u30f3\u30c1\u30e3\u30fc\u30ad\u30e3\u30d4\u30bf\u30eb\u30d5\u30a1\u30f3\u30c9\u306e\u6295\u8cc7\u6301\u5206\u306a\u3069\u306e\u4f4e\u6d41\u52d5\u6027\u8cc7\u7523\u306e\u30bb\u30ab\u30f3\u30c0\u30ea\u30fc\u5e02\u5834\u3092\u63d0\u4f9b\u3059\u308b\u3001\u30bb\u30ab\u30f3\u30c0\u30ea\u30fc\u6226\u7565\u3092\u4e3b\u306a\u6295\u8cc7\u6226\u7565\u306b\u63b2\u3052\u308b\u91d1\u878d\u5546\u54c1\u53d6\u5f15\u696d\u8005\u3067\u3059\u3002\u73fe\u5728\u30b1\u30a4\u30de\u30f3\u8af8\u5cf6\u7c4d\u306e<span lang=\"EN-US\"> Ariake Secondary Fund <\/span>\u3084\u56fd\u5185\u7c4d\u306e\u30d5\u30a1\u30f3\u30c9\u306e\u904b\u7528\u3092\u884c\u3044\u3001\u6570\u591a\u304f\u306e\u8cc7\u7523\u6d41\u52d5\u5316\u306e\u6a5f\u4f1a\u3092\u56fd\u5185\u5916\u306e\u6295\u8cc7\u5bb6\u306b\u5bfe\u3057\u3066\u63d0\u4f9b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u56fd\u5185\u306e\u30d9\u30f3\u30c1\u30e3\u30fc\u30ad\u30e3\u30d4\u30bf\u30eb\uff08VC\uff09\u30d5\u30a1\u30fc\u30e0\u300124\u793e\u304b\u3089\u3001\u5404\u793e\u904b\u7528\u30d5\u30a1\u30f3\u30c9\u306e\u30c7\u30fc\u30bf\uff082018\u5e74\u672b\u6642\u70b9\uff09\u3092\u53ce\u96c6\u3057\u3066\u3001\u30d5\u30a1\u30f3\u30c9\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u6e2c\u5b9a\u3057\u307e\u3057\u305f\u30022010\u5e74\u304b\u30892014\u5e74\u306b\u8a2d\u7acb\u3055\u308c\u305f\u30d5\u30a1\u30f3\u30c9\u306e\u30cd\u30c3\u30c8\u30de\u30eb\u30c1\u30d7\u30eb\uff08\u4e2d\u592e\u5024 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1626,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_locale":"ja","_original_post":"https:\/\/www.akebono-am.com\/?p=1623"},"categories":[3],"tags":[101,140,174,413,469],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/d1c5fktx0hz30r.cloudfront.net\/wp-content\/uploads\/2020\/06\/d54135-4-514218-3.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/d1c5fktx0hz30r.cloudfront.net\/index.php?rest_route=\/wp\/v2\/posts\/1623"}],"collection":[{"href":"https:\/\/d1c5fktx0hz30r.cloudfront.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/d1c5fktx0hz30r.cloudfront.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/d1c5fktx0hz30r.cloudfront.net\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/d1c5fktx0hz30r.cloudfront.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1623"}],"version-history":[{"count":0,"href":"https:\/\/d1c5fktx0hz30r.cloudfront.net\/index.php?rest_route=\/wp\/v2\/posts\/1623\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/d1c5fktx0hz30r.cloudfront.net\/index.php?rest_route=\/wp\/v2\/media\/1626"}],"wp:attachment":[{"href":"https:\/\/d1c5fktx0hz30r.cloudfront.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/d1c5fktx0hz30r.cloudfront.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/d1c5fktx0hz30r.cloudfront.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}