Quzilla Capital released its annual visual overview of Japan's private equity landscape for 2025

The report highlights key players and tracks changes in their fund sizes over time, based on the latest publicly available information.

This year, the large-cap segment of the market has been defined by numerous landmark privatization deals led by both global and domestic PEs. Many funds have also reported record-breaking capital raises, signaling heightened investor confidence and expanding market opportunities in Japan.

Meanwhile, in the medium/small/micro-cap space, the rapid rise of ETA (Entrepreneurship Through Acquisition) is reshaping the market landscape as a transformative force.

*Please note that the report is currently available in Japanese only.

To download, click the link below—no registration or payment is required.

Quzilla Capital is an independent Japanese private equity firm founded in 2018 by a former Morgan Stanley and Accenture Digital executive. The firm focuses on control buyouts of small and medium-sized enterprises in Japan and was recognized as one of "The Top 5 Private Equity Funds in Japan" in 2023.