# Okayama Capital Management

Okayama Capital Management is a Private Equity based in Okayama-shi, Japan.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Okayama-shi, Japan
- **Region:** Asia
- **Address:** Okayama-shi, Okayama, Japan
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** ocm-c.com
- **LinkedIn:** https://br.linkedin.com/company/okayama

## Regulatory record

- **Reports private funds:** No

## About

Okayama Capital Management provides long-term partnership-style support to small and medium-sized enterprises in the Setouchi region centered on Okayama Prefecture, addressing growth strategy, management improvement, and productivity challenges. It supports regional companies through growth support, business succession, and business revitalization, with the mission of connecting regional corporate value to the next generation. The firm offers both fund management and management consulting on a one-stop basis.

## Sectors

- Manufacturing & Industrials
- Services

## People

- Koki Tsutaka — Representative Director

## Questions

### How does Okayama Capital Management source deal flow?

Sourcing is anchored in the corporate-banking networks of its shareholders Chugoku Bank and Tomato Bank, which operate extensively across Okayama Prefecture and the Setouchi region. The firm also draws on referrals from the Organization for Small & Medium Enterprises and Regional Innovation and the Okayama Credit Guarantee Association, giving it early visibility into businesses facing succession or financial-restructuring triggers that are not broadly marketed.

### What investment stages and scenarios does Okayama Capital Management target?

OCM targets later-stage, mature small and medium enterprises, specifically those facing business succession without an internal candidate, operational-turnaround requirements after market or internal disruptions, and growth-support situations where existing management needs strategic capital and operational consulting. The firm does not advertise venture-stage investments or startups.

### Which sectors and geographies does the firm explicitly avoid?

OCM's public materials do not name excluded sectors, but the firm focuses explicitly on the Okayama and Setouchi regional economy, implying it does not pursue Tokyo-centered or cross-border deals. Its strategy is generalist within that geography, so large-scale consumer internet, deep-tech IP plays, and highly regulated national-infrastructure assets appear outside the stated mandate.

### How does the firm separate its investment activity from the banking operations of its shareholders?

OCM is a separately incorporated entity with its own representative director and capital of ¥65 million. While it benefits from the origination pipelines of its bank shareholders, the firm’s stated operating model — direct consulting and investment-vehicle management — creates a functional boundary between loan-book activities at the banks and equity-deployment decisions inside the fund manager.

## Related profiles

- [Okavango Capital Partners](https://altss.com/profile/okavango-capital-partners)
- [Okayama Hospital Pension Fund](https://altss.com/profile/okayama-hospital-pension-fund)

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Last updated: 2026-08-11T15:07:41.444Z

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