HIRAC Fund | Activity | F4

Team Portfolio Raise Essays

F4/HIRAC Fund/Activity

HIRAC Fund Activity

Every public signal F4 has attached to this firm, with sources and cross-entity links.

Types

Time range

New Fund

Completed an interim close of Fund III at about 6.7B yen, targeting over 10B yen.

HIRAC FUND III interim close (about 6.7B yen)

prtimes.jpOCT 16, 2026

OCT 16, 2026

Investment

Invested in Mofuku Rescue, an unmanned 24-hour mourning-wear rental chain, as the first Fund III deal.

Mofuku Rescue

Mofuku Rescue HIRAC Fund

prtimes.jpJUL 8, 2026

JUL 8, 2026

New Fund

First close of Fund III at about 4.7B yen with regional bank LPs.

HIRAC FUND III first close (about 4.7B yen)

corp.moneyforward.comJUN 30, 2026

JUN 30, 2026

Exit

Seed portfolio company Salowin joined Hulic Group as a wholly owned subsidiary through M&A.

Salowin

Salowin HIRAC Fund

corp.moneyforward.comJUN 2026

JUN 2026

Team Change

Strengthened the team ahead of Fund III with three new Partners and a new Director.

Okada, Sato and Jinno promoted to Partner; Hiyama to Director

prtimes.jpJUL 2025

JUL 2025