About the Private Markets Institute of Japan
The Private Markets Institute of Japan develops LP-informed frameworks for fund readiness, disclosure, diligence, and reporting across Japan’s institutional private markets.
Japan’s private markets remain highly relationship-driven, but institutional review requires more than access. Japanese LPs receive fund information in varying formats and often need to reconstruct core manager, fund, operational, risk, legal, and reporting information before meaningful comparison can begin.
Global fund managers, in turn, often enter Japan without a clear understanding of the documentation, operating practices, and reporting expectations that shape institutional diligence. PMIJ translates these expectations into practical frameworks that improve preparation, consistency, and institutional dialogue.
Our Purpose
Building a Common Language for Institutional Review
PMIJ brings together allocator expectations, manager information, diligence requirements, and specialist knowledge within a common institutional framework. The objective is to reduce avoidable information gaps without replacing the independent judgment of LPs, advisors, or regulated intermediaries.
PMIJ focuses on Japan LP readiness, fund disclosure, operational diligence, ongoing reporting, research, and market education. Where implementation support is required, ThirdHorizon provides tailored advisory services and FundIQ provides structured workflow and data infrastructure.
Why a Common Institutional Framework Is Needed
“Global fund managers need a clearer understanding of Japanese LP expectations before entering institutional review.”
Global Fund Managers
Japan LP Readiness & Disclosure Preparation
“Japanese LPs need more complete and consistently organized information before allocating resources to deeper diligence.”
Japanese Institutional LPs
Screening, Comparability & Governance
“Advisors and gatekeepers need a common information framework to support manager screening, diligence, and institutional decision-making.”
Advisors & Gatekeepers
Manager Review & Diligence Coordination
“Specialist service providers need clearer points of engagement across legal, tax, audit, administration, valuation, reporting, and compliance.”
Specialist Service Providers
Specialist Support & Market Infrastructure
PMIJ Principles
01
LP-Informed
PMIJ frameworks should reflect the practical information and review requirements of Japanese institutional allocators.
02
Consistent
Manager and fund information should be organized in a form that supports structured institutional review and comparison.
03
Controlled
Sensitive information should be shared through permissioned workflows appropriate to the stage of review.
04
Clearly Defined
PMIJ supports standards, readiness, research, and education. Investment decisions, regulated distribution, and formal diligence remain the responsibility of the relevant parties.
Help Strengthen Institutional Market Practice in Japan
PMIJ welcomes dialogue with Japanese institutional allocators, global fund managers, advisors, gatekeepers and specialists interested in contributing to or applying its frameworks and research.