White & Case advises Advantage Partners on formation of Japan Hydrogen Fund

Global law firm White & Case LLP has advised Advantage Partners, a leading Asian private equity firm, on the successful formation of the Japan Hydrogen Fund.

"The successful formation of the Japan Hydrogen Fund is a landmark achievement in advancing the hydrogen economy," said White & Case partner Eriko Sakata, who led the Firm's deal team. "We have supported Advantage Partners and JH2A in this significant endeavor and appreciate their trust in our team."

The Japan Hydrogen Fund, the formation of which was led by Japan Hydrogen Fund GP, Inc., is the first fund established under the collaboration between Japan Hydrogen Association (JH2A) and Advantage Partners and dedicated to the realization and development of the hydrogen society. The Fund's first closing was completed on August 27, 2024, with over US$400 million committed from a diverse group of investors, including Toyota Motor Corporation, Iwatani Corporation, Sumitomo Mitsui Banking Corporation, Mitsubishi UFJ Bank, Ltd., Tokyo Century Corporation, Japan Green Investment Corp. for Carbon Neutrality (JICN), Total Energies and Fukuoka Bank, Ltd.

Initiated in September 2023, the collaboration between JH2A and Advantage Partners aims to tackle global climate change by establishing a hydrogen supply chain in Japan and internationally, and seeks to assist in creating demand for hydrogen, reducing costs through innovation and funding essential businesses. The Japan Hydrogen Fund will invest in hydrogen-related infrastructure and technology aimed at accelerating the implementation of the global hydrogen supply chains and scaling it up through public and private sector collaboration.

The White & Case team which advised on the transaction was led by partner Eriko Sakata (Tokyo) and included partners Kristen DiLemmo (London) and Douglas Landy (New York) and associates Mao Muraguchi and Saori Takahashi (both Tokyo).

Press contact
For more information please speak to your local media contact.