GREE Holdings agreed to sell fund manager GREE Fund Investments and part of its LP stake in GREE LP Fund JP2 to MIXI for about ¥30M, effective 2026-07-31; the fund and manager will be renamed MIXI LP Fund 1 and MIXI Capital Management.
Youngrok Kim discussed GREE LP Fund's strategy, its sister-fund relationship with GFR Fund, and how they build long-term LP-GP relationships centered on digital culture and gaming.
GFR Fund Q&A — Building LP-GP Relationships Beyond Capital
GREE Ventures' second Japan-focused fund-of-funds, GREE LP Fund JP2, held its first close at ¥4.4B against a ¥6B target, planning LP commitments to roughly 20 Japanese VC funds.
Completed formation of GREE LP Fund US I at USD 52.75M, backed by Japanese listed companies and overseas family offices, with 12 VC fund managers in portfolio.
Youngrok Kim presented at VC Lab's Decile Summit on the barbell strategy for fund-of-funds and how to identify VC managers with potential to become iconic.