# Hokkaido Research Institute for the Twenty-first Century

Hokkaido Research Institute for the Twenty-first Century is a Private Equity based in Sapporo, Japan.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Sapporo, Japan
- **Region:** Asia
- **Address:** Sapporo, Hokkaido, Japan
- **Founded:** 1973
- **Assets under management:** Undisclosed
- **Website:** www.htri.co.jp
- **LinkedIn:** https://linkedin.com/company/（株）北海道二十一世紀総合研究所

## Regulatory record

- **Reports private funds:** No

## About

Hokkaido Research Institute for the Twenty-first Century is a Japanese think tank focused on policy research in Japan. The organization has made 11 investments, including a Series E investment in Interstellar Technologies on August 05, 2024. It has one portfolio exit, Kitalive, which occurred on September 28, 2022.

## Questions

### Is HRI structured as a private equity fund or something else?

It is structured as a research institute with investment authority, a model used in Japan to combine policy analysis with capital deployment. This gives it a flexible holding period and removes the pressure of a standard 10-year fund life, though it also means limited partner relationships and return benchmarks are not disclosed in the same manner as a commercial GP.

## Related profiles

- [Hokkaido Kyoso Partners](https://altss.com/profile/hokkaido-kyoso-partners)
- [Hokkaido Venture Capital](https://altss.com/profile/hokkaido-venture-capital)

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Last updated: 2026-07-11T02:13:04.000Z

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