# Shikoku Alliance Capital

Shikoku Alliance Capital is a Private Equity based in Takamatsu, Japan.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Takamatsu, Japan
- **Region:** Asia
- **Address:** Matsuyama-shi, Japan
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** sacapital.co.jp

## Regulatory record

- **Reports private funds:** No

## About

四国アライアンスキャピタルは、四国の地方銀行4行（阿波銀行、百十四銀行、伊予銀行、四国銀行）の共同出資で設立したファンド運営会社です。地域経済に貢献し社会的意義のある中堅・中小企業に対するプライベートエクイティ投資を行っています。事業承継や成長支援を中心とする「しこく創生ファンド」と事業再生を支援する「しこく中小企業支援ファンド」の2つのファンドを運営し、ハンズオン支援を基本スタンスとして投資を行っています。

## Sectors

- Business Succession
- Growth Support
- Business Revitalization

## Offices

- Takamatsu, Japan

## Questions

### How is Shikoku Alliance Capital capitalized?

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.

### Are its two fund strategies operated separately?

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.

### Does the firm invest outside Shikoku Island?

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.

### What replaces a dedicated GP commitment in this structure?

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.

## Related profiles

- [SHIKIGAKU](https://altss.com/profile/shikigaku)
- [Shilanski & Associates](https://altss.com/profile/shilanski-associates)

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Last updated: 2026-08-11T15:08:04.536Z

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