In December 2025, i-nest capital invested in HiJoJo Partners through its second fund, i-nest II Investment Limited Partnership. The move signals continued confidence in platforms that open up private market access to a broader base of investors.
HiJoJo, founded in 2017 by Spiridon Menzas, operates one of Japan’s largest platforms focused on overseas private equity, especially US unicorns. It connects Japanese investors to mid and late stage global companies that were traditionally out of reach. As of December 2025, cumulative sales have crossed 50 billion yen. The company has established partnerships with Mizuho Securities and Mitsubishi UFJ Innovation Partners and SMBC Venture Capital which together with its existing shareholder base create financial connections to Japan’s three largest megabank groups.
The organization gains a major advantage from its partnership with Nasdaq Private Markets which improves its ability to access secondary market transactions and substantial block sales of private companies. This matters at a time when private markets are expanding and liquidity pathways are evolving.
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The new capital will support business expansion. For Japan’s investment landscape, this is less about hype and more about structural change in how private equity becomes accessible.


