JIC Announces $50 Million LP Investment in General Atlantic Investment Partners 2025, L.P.

Japan Investment Corporation (JIC), headquartered in Minato-ku, Tokyo, led by President and CEO Keisuke Yokoo, announced today that it has decided to make a $50 million LP investment in General Atlantic Investment Partners 2025, L.P. (GA2025), which is advised by General Atlantic Service Company, L.P. (GA).

(1) About GA2025 GA has been providing capital and strategic support to growth companies globally for over 45 years. Through investments in more than 545 growth-stage companies, GA has supported the creation of numerous global enterprises. With a track record of investing in Japanese startups, GA continues to show strong interest in growth-stage companies in Japan.

<GA2025> Name: General Atlantic Investment Partners 2025, L.P. Establishment: March 2025 Expiration: December 31, 2038 GP: General Atlantic GP 2025, LLC

<Overview of GA> Name: General Atlantic Service Company, L.P. Establishment: 1980 Locations: USA (New York, Miami, Stamford, San Francisco), Mexico City, UK (London), Amsterdam, Israel (Tel Aviv), Abu Dhabi, Riyadh, Mumbai, Brazil (Sao Paulo), Singapore, Hong Kong, Tokyo, etc. Representative: Chairman and Chief Executive Officer William E. Ford

(2) Significance of the Investment Challenges in the domestic market: - Growth-stage and international expansion support for creating unicorns: To create unicorns, there is a need for long-term, large-scale risk capital, especially in the growth stage. Furthermore, companies require knowledge and know-how to navigate different regulations and commercial customs across countries for international expansion. - Connecting domestic players with global networks: To build appropriate capital policies and organizational structures for global markets, domestic VCs and the ecosystem need connection to global networks. - Attracting risk capital from overseas investors: Long-term, large-scale risk capital is essential to create globally competitive and sustainable unicorns.

Expected effects of this investment: - Unicorn creation through collaboration with overseas funds: By creating investment opportunities in Japanese startups through GA, the initiative will provide necessary funding and management support at the growth stage, leveraging GA's expertise to facilitate international expansion. - Development of the domestic ecosystem through global connectivity: By allowing access to GA's global support platform, the partnership aims to enhance the capabilities of domestic VCs and startups. - Attracting overseas risk capital: This investment will promote GA's consideration of investments in Japanese startups and potentially increase interest from other overseas investors in the Japanese market.

About JIC: JIC is an investment firm established in September 2018 under the Industrial Competitiveness Enhancement Act. JIC focuses on creating a virtuous cycle of domestic investment and innovation, fostering startups, and promoting business reorganization.