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‘Womenomics’ Author Matsui Seeks to Bring ESG to Japan Startups

  • All-female team targets $150 million venture capital fund
  • ESG investment market expected to continue to grow in Japan
From left to right, Eriko Suzuki, Miwa Seki, Kathy Matsui and Yumiko Murakami.
From left to right, Eriko Suzuki, Miwa Seki, Kathy Matsui and Yumiko Murakami.Source: MPower Partners Fund L.P.

After 30 years in Japan, former Goldman Sachs vice chair Kathy Matsui, known for research that shifted government policy on women at work, is starting a venture fund that could help put some of her ideas into practice.

Matsui, who left Goldman Sachs Group Inc. at the end of 2020, has teamed up with three other experienced female financial executives to build a fund that aims to invest $150 million in sectors including health care, fintech, next-generation work and education, as well as the environment. The MPower Partners Fund, a rarity in Japan for its female leadership, will seek to secure high returns while imbuing startups with environmental, social and governance values, Matsui said.