Next Rise Social Impact Fund establishment
Dream Incubator has recently established “Next Rise Social Impact Fund LLP” (hereinafter referred to as “the Fund”) and concluded investment agreements with Development Bank of Japan and Nippon Life Insurance Company. Established with the prime purpose of solving social issues, the Fund becomes Japan’s first-ever and Asia’s biggest fund for social impact bonds. Some quick facts are listed below.
Name: Next Rise Social Impact Fund LLP
Inception date: July 1, 2021
Fund size: ¥3 billion / Up to ¥5 billion with additional fundraising planned for the next 1 year
Investors: Dream Incubator Inc., Development Bank of Japan Inc., Nippon Life Insurance Company, DI Social Impact Capital Inc.
General partner: DI Social Impact Capital Inc.
Fund term: 10 years
Investment objectives: The Fund will provide a stable source of funding for private-sector social service providers and reduce their business risks with outcomes-based returns to help address social issues in areas such as preventive healthcare, recycling, public facilities and infrastructure, etc.
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