Shikoku Alliance Capital

The firm is backed by Shikoku Alliance, a partnership of four regional banks based on the island of Shikoku. This bank-consortium model provides a stable, local funding base distinct from third-party fund-of-funds or global LP commitments. It allows the firm to make patient, small-cap investments without the pressure of a typical five-to-seven-year exit clock.

Yes. The Shikoku Sōsei Fund explicitly targets growth equity and business succession — buying out retiring owners who lack a family successor. The Shikoku SME Support Fund operates as a turnaround and rehabilitation vehicle for distressed local businesses. They share a common investment team and back-office infrastructure but pursue fundamentally different entry situations.

The firm’s stated mandate and its parent banks' policy limit investments to small and medium enterprises that contribute directly to the Shikoku regional economy. No cross-regional or Tokyo-based portfolio companies have been disclosed in public records, reinforcing its role as a purely intra-regional capital allocator.

Because the firm is a wholly owned subsidiary of the banking consortium, the traditional GP equity check is substituted by the combined balance-sheet capacity and branch-origination networks of the four alliance banks. This eliminates the need to raise outside capital for every fund cycle, though it also caps total scale to what the four banks are willing to allocate.