H&D Partners

H&D Partners' investment decisions are managed by its internal team, which operates with ties to the Hoshino family. The family's involvement likely provides sector expertise in hospitality and tourism. Publicly named principals are not disclosed.

H&D Partners sources deals through its relationship with Hoshino Resort, a multi-generational hospitality operator. This network likely provides access to family-owned businesses, succession situations, and real estate in Japan and Asia. The firm also targets growth-stage companies in travel-related sectors.

H&D Partners is structured as a private equity firm, not a single family office. It operates as an asset manager under the Hoshino Resort umbrella. Its strategy includes expansion, growth, and turnaround investments.

H&D Partners targets expansion-stage, late-stage, growth equity, succession, and turnaround investments. It focuses on companies in the hospitality, tourism, and real estate sectors. The firm is not active in early-stage venture capital.

H&D Partners' geographic focus is primarily Japan and wider Asia. The firm's investment strategy is tied to the Hoshino Resort group's operations, which are concentrated in Asia. No known exposure in other regions has been disclosed.

H&D Partners is the private equity investment arm linked to Hoshino Resort, a Japanese hospitality group founded in 1914. The firm leverages the group's operational expertise and industry network. This relationship distinguishes H&D Partners from traditional financial sponsors.

The Hoshino family's wealth originates from its hospitality business, Hoshino Resort, which operates luxury ryokan and hotels across Japan. The group was founded in 1914 by the Hoshino family in Karuizawa. Its brands include Hoshinoya, KAI, and Risonare properties.