The Asian Venture Capital Private Equity Council, a regional association of national trade bodies in the industry, has elected Toshihisa Adachi (pictured), president of Japan Venture Capital Association, as its first chairman for a term of 2012-2013.
Adachi is also president and chief executive of trading group Itochu’s corporate venturing unit, Itochu Technology Ventures, that manages about $270m.
Adachi has led Itochu Technology Ventures since 2002 and its precursor, TechnoSolutions, from 1995.
