Aizawa Asset Management

Aizawa Asset Management is a Japanese alternative investment manager established in 2021 through the merger of Asuka Asset Management and Akebono Asset Management. The firm operates from Japan and manages alternative investment strategies spanning private equity, venture capital and secondary transactions.

Within private equity, the firm pursues two distinct routes to exposure. The first is venture capital co-investment alongside lead investors; the second is the purchase of unlisted shares and fund interests in secondary transactions, allowing it to build positions in companies and portfolios at later stages than a conventional primary fund commitment. This dual approach gives the manager latitude across both direct and intermediary deal flow.

Illustrative of the second route, Aizawa Asset Management participated in the Series C financing of ispace, the Japanese lunar exploration company, through its second secondary-strategy fund. The investment places the firm within the small group of Japanese institutional allocators backing domestic space-sector growth capital, and reflects a willingness to underwrite specialist technology exposure via structured secondary purchases rather than primary rounds alone.