Japan Investment Corporation (株式会社産業革新投資機構, Kabushikigaisha sangyō kakushin tōshi kikō), abbreviated as JIC, is a Japanese sovereign wealth fund. It is an Authorized Corporation under the Ministry of Economy, Trade and Industry (METI).[2]
In 2021, according to S&P Global Market Intelligence and Preqin, its private equity arm, JIC Capital, was ranked as the fifth largest private equity firm in the world based on total fundraising over the most recent five-year period.[3]
Background
In September 2018, the Innovation Network Corporation of Japan (INCJ) was reorganized with JIC being spun-off as a new separate entity following the enforcement of the amendment to the Act on Strengthening Industrial Competitiveness. INCJ then became a subsidiary of JIC.[2][4]