Nippon Telegraph and Telephone Corporation (NTT) instituted the NTT Investment Partners Fund, L.P. in March 2008 with 15 billion yen under its management and the NTT Investment Partners Fund II, L.P. in January 2014 with 10 billion yen under its supervision. These capital reserves were generated to support venture companies in which the corporation had invested, to expand the businesses of both the NTT group and such venture companies, and to create new services for them. NTT will establish the NTT Investment Partners Fund III (NIP Fund III) to promote the continuous reinforcement of its cooperation with venture companies.
2. Outline of NIP Fund III
|(1) Name||NTT Investment Partners Fund III, L.P.|
|(2) Asset size under management||20 billion yen (investment by NTT, NTT Finance, and NTT DOCOMO Ventures)|
|(3) Scheduled month of establishment||July 2018|
|(4) Management period||12 years|
|(5) Fund manager||NTT DOCOMO Ventures|
〈For further information, please contact〉
Nippon Telegraph and Telephone Corporation
Corporate Strategy Planning Department
NTT DOCOMO Ventures, Inc.