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# Aozora Bank Group Launches JPY 15bn Venture Debt Fund to Support Growing Japanese Startups
- URL: https://www.fintechobserver.com/aozora-bank-group-launches-jpy-15bn-venture-debt-fund-to-support-growing-japanese-startups/
- Published: 2026-08-08T02:22:38.000Z
- Updated: 2026-08-08T02:22:38.000Z
- Author: Norbert Gehrke
- Tags: venture capital, debt financing, banking, japan

Aozora Corporate Investment, a wholly owned fund management subsidiary of Aozora Bank, has established a new venture debt fund, the "Aozora HYBRID No. 4 Investment Limited Partnership," totaling 15 billion yen. 

Established on August 7, 2026, the fund serves as the direct successor to the Aozora HYBRID No. 3 fund launched in July 2023, which is nearing full deployment after three years of operations.

The new vehicle aims to meet strong, ongoing demand for venture debt financing among high-growth Japanese startups. By offering hybrid financing instruments—including venture debt and equity investments—the fund acts as a bridge between equity capital from venture capital firms and corporate investors, and traditional debt financing from commercial banks.

- **Fund Name:** Aozora HYBRID No. 4 Investment Limited Partnership
- **Inception Date:** August 7, 2026
- **Total Fund Size:** ¥15 billion
- **General Partner:** Aozora Corporate Investment Co., Ltd.
- **Limited Partner:** Aozora Bank, Ltd.
- **Target Investments:** High-growth domestic startups in Japan
- **Investment Schemes:** Venture debt financing and equity investments

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[Aozora Bank sells 15% stake to Daiwa Securities, strengthens capital positionDaiwa Securities Group and Aozora Bank will form a capital and business alliance to achieve sustainable growth in their corporate value…![](https://storage.ghost.io/c/46/cb/46cbd57f-e0e8-41a4-a1e2-710103a4267b/content/images/icon/Newsletter-Small-913f4377-284c-4ac9-8561-4c5974bce94a.png)Japan FinTech ObserverNorbert Gehrke![](https://storage.ghost.io/c/46/cb/46cbd57f-e0e8-41a4-a1e2-710103a4267b/content/images/thumbnail/1--tzoQya4soVcZxKFggUmug-85624819-83bc-4494-9c9c-ad19010ce4ea.png)](https://www.fintechobserver.com/aozora-bank-sells-15-to-daiwa-securities-strengthens-capital-position/)