Readiness review structure
A consistent map of information available, information outstanding and areas requiring deeper institutional review.
Standards & readiness frameworks
PMIJ · TokyoInstitutional standards for Japan's private markets.
PMIJ develops practical reference points for readiness, disclosure, diligence, reporting and information governance.
Framework family
01→02→03→
Download framework overviewJapan LP Readiness Framework
A structured review of the manager, strategy, fund, team, track record, operations, governance and Japan-facing materials expected before deeper institutional review.
Disclosure & Diligence Framework
A consistent structure for presenting manager, fund, portfolio, operational, risk, legal and reporting information through a controlled review workflow.
Reporting & Information Governance
Principles for ongoing fund updates, performance and valuation reporting, document permissions, request records and continuity after an initial review.
Framework outputs
Practical and reusable starting points.
Disclosure package structure
A reusable organisation of preliminary manager and fund information without prescribing an investment conclusion.
Institutional review record
A controlled record of requests, document access, responses and reporting continuity across the review process.
Publication control
Clear status, ownership and revision history.
- Current version
- 0.1 — initial publication
- Publication date
- 10 August 2026
- Status
- For institutional dialogue and consultation
- Document owner
- PMIJ Standards Programme
- Consultation closes
- 30 September 2026
- Next review
- Fourth quarter 2026
Written comments should identify the relevant framework code, section and institutional perspective. PMIJ will record material revisions in the version history of each framework.
Use and participation
Developed through institutional dialogue.
Institutional allocators and advisors may contribute review perspectives and anonymised market observations. Global managers may use the frameworks to organise information and identify gaps before formal review. Specialist contributors may provide legal, tax, audit, administration, valuation, compliance and reporting expertise.
Separate implementation or commercial services do not alter the independent responsibilities of the manager, allocator or advisor.
Framework use does not determine an investment outcome.
PMIJ frameworks do not constitute a fund rating, certification, investment endorsement, regulatory approval, distribution service or indication of interest from a Japanese institution.
Standards FAQ
Who are the PMIJ frameworks designed for?
Japanese institutional LPs and their advisors, global private markets managers, and specialist firms supporting institutional private markets activity in Japan.
What does a readiness review produce?
A structured view of available information, disclosure gaps and areas requiring deeper review across the manager, fund, operations, governance, risk, legal and reporting domains.
Does PMIJ certify or recommend funds?
No. PMIJ does not rate, certify, endorse, distribute or recommend investment funds. Institutions retain responsibility for their own diligence and decisions.
How can an organisation participate?
Organisations may request an institutional briefing, contribute to consultations or provide specialist input relevant to framework and research development.