Guest Speaker - Mr. John Ehara, Unison Capital
On July 3rd, Professor Tomonori Ito's Applied Corporate Finance class welcomed Mr. John Ehara, co-founder of Unison Capital, as a guest speaker. Prior to founding Unison Capital, which is one of the most successful private equity funds in Japan, Mr. Ehara spent sixteen years as an investment banker at Goldman Sachs building its franchise in Japan from 3 to 1,000 professionals.
During the class, Mr. Ehara gave a presentation on the business model of private equity funds, especially the mechanism of private equity funds, capital structure, target companies, exit strategy, and how private equity creates value.
Following the lecture, Mr. Ehara stayed on for a one-hour Q&A session with the students. He shared his own career story on why he founded a private equity fund by leaving a successful investment banking career, emphasized the importance of taking up new challenges, explained how he succeeded in the private equity business by maintaining transparent communication with the investors, and talked about the importance of avoiding to ride on herd instinct to be a good investor. He has inspired the students how to be a good business leader and, at the same time, how to be a good human being.