{"id":24947,"date":"2025-02-18T08:27:23","date_gmt":"2025-02-18T08:27:23","guid":{"rendered":"https:\/\/digify.com\/?p=24947"},"modified":"2026-02-26T13:35:53","modified_gmt":"2026-02-26T13:35:53","slug":"calculating-communicating-fund-metrics","status":"publish","type":"post","link":"https:\/\/staging-x.digifyteam.com\/ja\/calculating-communicating-fund-metrics\/","title":{"rendered":"\u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u306e\u8981\u70b9LP\u306e\u4fe1\u983c\u3092\u7bc9\u304f\u305f\u3081\u306e\u30d5\u30a1\u30f3\u30c9\u30e1\u30c8\u30ea\u30af\u30b9\u306e\u8a08\u7b97\u3068\u4f1d\u9054"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"24947\" class=\"elementor elementor-24947\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2ad8004 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2ad8004\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a6d70de\" data-id=\"a6d70de\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b5512fc elementor-widget elementor-widget-heading\" data-id=\"b5512fc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u30d5\u30a1\u30f3\u30c9\u30fb\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u30fb\u30e1\u30c8\u30ea\u30af\u30b9\u306e\u7d39\u4ecb<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5588745 elementor-widget elementor-widget-text-editor\" data-id=\"5588745\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u5831\u544a\u00a0<span style=\"font-weight: bold;\">\u30d5\u30a1\u30f3\u30c9\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u6307\u6a19<\/span>\u00a0\u6b63\u78ba\u306a\u60c5\u5831\u306f\u3001\u5341\u5206\u306a\u60c5\u5831\u306b\u57fa\u3065\u3044\u305f\u6295\u8cc7\u5224\u65ad\u3092\u884c\u3046\u305f\u3081\u306b\u4e0d\u53ef\u6b20\u3067\u3042\u308b\u3002\u3053\u308c\u306f\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u3001\u30d5\u30a1\u30df\u30ea\u30fc\u30aa\u30d5\u30a3\u30b9\u3001\u5bcc\u88d5\u5c64\u304c\u6295\u8cc7\u306e\u53ef\u80fd\u6027\u3068\u9032\u6357\u3092\u8a55\u4fa1\u3059\u308b\u305f\u3081\u306b\u660e\u78ba\u3067\u4e00\u8cab\u6027\u306e\u3042\u308b\u30c7\u30fc\u30bf\u306b\u4f9d\u5b58\u3057\u3066\u3044\u308b\u30d9\u30f3\u30c1\u30e3\u30fc\u30ad\u30e3\u30d4\u30bf\u30eb\uff08VC\uff09\u306e\u4e16\u754c\u3067\u306f\u7279\u306b\u5f53\u3066\u306f\u307e\u308a\u307e\u3059\u3002.<\/p><p>\u3042\u306a\u305f\u304c\u6295\u8cc7\u5bb6\u5411\u3051\u5e83\u5831\u30c1\u30fc\u30e0\u306e\u4e00\u54e1\u3067\u3042\u308c\u3001\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3067\u3042\u308c\u3001\u8ca1\u52d9\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\u3067\u3042\u308c\u3001\u3053 \u308c\u3089\u306e\u91cd\u8981\u306a\u6307\u6a19\u306b\u3064\u3044\u3066\u3057\u3063\u304b\u308a\u3068\u3057\u305f\u57fa\u790e\u3092\u7bc9\u304d\u3001\u305d\u308c\u3089\u3092\u52b9\u679c\u7684\u306b\u4f1d\u3048\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u898f\u5236\u8981\u4ef6\u3078\u306e\u5bfe\u5fdc\u304b\u3089\u30ea\u30df\u30c6\u30c3\u30c9\u30fb\u30d1\u30fc\u30c8\u30ca\u30fc\uff08LP\uff09\u3068\u306e\u4fe1\u983c\u95a2\u4fc2\u306e\u69cb\u7bc9\u307e\u3067\u3001\u30d5\u30a1\u30f3\u30c9\u306e\u30d1\u30d5\u30a9\u30fc \u30de\u30f3\u30b9\u5831\u544a\u3092\u969b\u7acb\u305f\u305b\u308b\u65b9\u6cd5\u3092\u3054\u7d39\u4ecb\u3057\u307e\u3059\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-823e2bb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"823e2bb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-018c6f0\" data-id=\"018c6f0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-367db4c elementor-widget elementor-widget-heading\" data-id=\"367db4c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u898f\u5236\u8981\u4ef6\u3068\u696d\u754c\u6a19\u6e96<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-51961fc elementor-widget elementor-widget-text-editor\" data-id=\"51961fc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><b>1.SEC\u5831\u544a\u8981\u4ef6<\/b><\/p><p>\u767b\u9332\u30d5\u30a1\u30f3\u30c9\u3092\u904b\u55b6\u3057\u3066\u3044\u308b\u5834\u5408\u3001\u6708\u6b21\u5831\u544a\u66f8\u3084\u56db\u534a\u671f\u5831\u544a\u66f8\u3092\u63d0\u51fa\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u5834 \u5408\u304c\u3042\u308a\u307e\u3059\u3002\u7c73\u56fd\u8a3c\u5238\u53d6\u5f15\u59d4\u54e1\u4f1a\uff08SEC\uff09\u306f\u3001\u7279\u5b9a\u306e\u30d5\u30a1\u30f3\u30c9\u306b\u5bfe\u3057\u3001\u5404\u6708\u672b\u304b\u308930\u65e5\u4ee5\u5185\u306b\u30d5\u30a9\u30fc\u30e0N-PORT\u3067\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u5831\u544a\u66f8\u3092\u63d0\u51fa\u3059\u308b\u3053\u3068\u3092\u7fa9\u52d9\u4ed8\u3051\u3066\u3044\u307e\u3059\u3002.<\/p><p><b>2.ILPA\uff08\u6a5f\u95a2\u6295\u8cc7\u5bb6\u30ea\u30df\u30c6\u30c3\u30c9\u30fb\u30d1\u30fc\u30c8\u30ca\u30fc\u30ba\u5354\u4f1a\uff09\u30ac\u30a4\u30c9\u30e9\u30a4\u30f3<\/b><\/p><p>ILPA\u306f\u3001\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30fb\u30a8\u30af\u30a4\u30c6\u30a3\u306e\u6a19\u6e96\u5316\u3068\u900f\u660e\u6027\u3092\u4fc3\u9032\u3059\u308b\u305f\u3081\u3001\u30d9\u30b9\u30c8\u30fb\u30d7\u30e9\u30af\u30c6\u30a3\u30b9\u3092\u516c\u8868\u3057\u3066\u3044\u308b\u3002\u3053\u308c\u3089\u306e\u30ac\u30a4\u30c9\u30e9\u30a4\u30f3\u306f\u3001\u30ad\u30e3\u30d4\u30bf\u30eb\u30fb\u30b3\u30fc\u30eb\u3001\u5206\u914d\u901a\u77e5\u3001\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u5831\u544a\u306e\u63a8\u5968\u30d5\u30a9\u30fc\u30de\u30c3\u30c8\u306a\u3069\u306b\u89e6\u308c\u3066\u3044\u308b\u3002.<\/p><p><b>3.GIPS\uff08\u30b0\u30ed\u30fc\u30d0\u30eb\u6295\u8cc7\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u57fa\u6e96\uff09<\/b><\/p><p>\u30b0\u30ed\u30fc\u30d0\u30eb\u6295\u8cc7\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u57fa\u6e96\uff08GIPS\uff09\u306f\u3001CFA \u5354\u4f1a\u304c\u5b9a\u3081\u305f\u4e00\u9023\u306e\u502b\u7406\u539f\u5247\u3067\u3042\u308b\u3002\u6e96\u62e0\u3092\u4e3b\u5f35\u3059\u308b\u5834\u5408\u3001\u901a\u5e38\u3001\u5c11\u306a\u304f\u3068\u30825\u5e74\u9593\u306e\u76e3\u67fb\u6e08\u307f\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u793a\u3055\u306a\u3051\u308c\u3070\u306a\u3089\u305a\u3001\u5831\u544a\u65b9\u6cd5\u304c\u4e00\u8cab\u6027\u3092\u4fdd\u3061\u3001\u6bd4\u8f03\u53ef\u80fd\u3067\u3042\u308b\u3053\u3068\u3092\u4fdd\u8a3c\u3059\u308b\u3082\u306e\u3067\u3042\u308b\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2e344bd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2e344bd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e1ef1cb\" data-id=\"e1ef1cb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bbd782e elementor-widget elementor-widget-heading\" data-id=\"bbd782e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u900f\u660e\u6027\u3068\u6b63\u78ba\u6027\u306b\u5bfe\u3059\u308bLP\u306e\u671f\u5f85<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-477a8e3 elementor-widget elementor-widget-text-editor\" data-id=\"477a8e3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u4eca\u65e5\u306eLP\u306f\u307e\u3059\u307e\u3059\u6d17\u7df4\u3055\u308c\u3001\u4ee5\u4e0b\u306e\u3053\u3068\u3092\u8981\u6c42\u3057\u3066\u3044\u307e\u3059\uff1a<\/p><ul><li><b>\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u5168\u4f53\u306b\u308f\u305f\u308b\u4e00\u8cab\u3057\u305f\u5831\u544a<\/b> \u3092\u7d20\u65e9\u304f\u6bd4\u8f03\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002.<\/li><li><b>\u5e30\u5c5e\u5206\u6790<\/b> \u5404\u6295\u8cc7\u304c\u5168\u4f53\u7684\u306a\u30ea\u30bf\u30fc\u30f3\u3092\u3069\u306e\u3088\u3046\u306b\u727d\u5f15\u3057\u3066\u3044\u308b\u304b\u3092\u78ba\u8a8d\u3059\u308b\u3002.<\/li><li><b>\u5b9f\u7e3e\u691c\u8a3c<\/b> \u904e\u53bb\u306e\u5b9f\u7e3e\u30c7\u30fc\u30bf\u306e\u6b63\u78ba\u6027\u3092\u78ba\u8a8d\u3059\u308b\u305f\u3081\u3002.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b36a633 elementor-widget elementor-widget-text-editor\" data-id=\"b36a633\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u3053\u306e\u3088\u3046\u306a\u671f\u5f85\u306b\u5fdc\u3048\u308b\u3053\u3068\u3067\u3001\u5c06\u6765\u306e\u8cc7\u91d1\u8abf\u9054\u306b\u5411\u3051\u3066\u30d5\u30a1\u30f3\u30c9\u3092\u4f4d\u7f6e\u4ed8\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002\u5f37\u529b\u306a\u5b9f\u7e3e\u3001\u5b9f\u7e3e\u306e\u6301\u7d9a\u6027\u3001\u540c\u696d\u4ed6\u793e\u30b0\u30eb\u30fc\u30d7\u3068\u6bd4\u8f03\u3057\u305f\u5805\u5b9f\u306a\u30ea\u30bf\u30fc\u30f3\u3092\u793a\u3059\u80fd\u529b\u306f\u3001\u305d\u306e\u5f8c\u306e\u30d5\u30a1\u30f3\u30c9\u306e\u898f\u6a21\u3084\u6761\u4ef6\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f73d29f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f73d29f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6dd59e4\" data-id=\"6dd59e4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-641fcfd elementor-widget elementor-widget-heading\" data-id=\"641fcfd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u30b9\u30c6\u30fc\u30af\u30db\u30eb\u30c0\u30fc\u3068\u306e\u4fe1\u983c\u95a2\u4fc2\u69cb\u7bc9<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-02e07d4 elementor-widget elementor-widget-text-editor\" data-id=\"02e07d4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u30d5\u30a1\u30f3\u30c9\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u6307\u6a19\u306f\u5358\u306a\u308b\u6570\u5b57\u3067\u306f\u306a\u304f\u3001\u30b9\u30c8\u30fc\u30ea\u30fc\u3092\u8a9e\u308a\u3001\u4fe1\u983c\u3092\u7bc9\u304f\u305f\u3081\u306e\u30c4\u30fc\u30eb\u306a\u306e\u3060\u3002.<\/p><ul><li><b>\u4e00\u8cab\u3057\u305f\u30b3\u30df\u30e5\u30cb\u30b1\u30fc\u30b7\u30e7\u30f3<\/b> LP\u306f\u3001\u56f0\u96e3\u306a\u6642\u671f\u3067\u3042\u3063\u3066\u3082\u5b89\u5fc3\u3067\u304d\u308b\u3002.<\/li><li><b>\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u5909\u52d5\u306e\u6587\u8108\u5316<\/b> LP\u306f\u3042\u308b\u4e00\u70b9\u3092\u8d85\u3048\u3066\u898b\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002.<\/li><li><b>\u671f\u5f85\u7ba1\u7406<\/b> \u306f\u3001\u6295\u8cc7\u5bb6\u3068\u306e\u3088\u308a\u5065\u5168\u3067\u900f\u660e\u6027\u306e\u9ad8\u3044\u95a2\u4fc2\u3092\u80b2\u307f\u307e\u3059\u3002.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-69a3481 elementor-widget elementor-widget-text-editor\" data-id=\"69a3481\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u3053\u306e\u8a18\u4e8b\u3067\u306f\u3001IRR\u3001DPI\u3001TVPI\u3001RVPI\u3001MOIC\u3092\u542b\u3080\u3001\u30d9\u30f3\u30c1\u30e3\u30fc\u30ad\u30e3\u30d4\u30bf\u30eb\u30d5\u30a1\u30f3\u30c9\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u8a55\u4fa1\u3059\u308b\u305f\u3081\u306b\u4f7f\u7528\u3055\u308c\u308b\u4e3b\u306a\u5b9a\u91cf\u7684\u6307\u6a19\u3092\u63a2\u308a\u307e\u3059\u3002\u307e\u305f\u3001\u3053\u308c\u3089\u306e\u6307\u6a19\u304c\u30d5\u30a1\u30f3\u30c9\u306e\u30e9\u30a4\u30d5\u30b5\u30a4\u30af\u30eb\u306e\u4e2d\u3067\u3069\u306e\u3088\u3046\u306b\u5909\u5316\u3057\u3066\u3044\u304f\u304b\u3092\u793a\u3057\u3001LP\u3068\u306e\u30b3\u30df\u30e5\u30cb\u30b1\u30fc\u30b7\u30e7\u30f3\u306e\u30d9\u30b9\u30c8\u30d7\u30e9\u30af\u30c6\u30a3\u30b9\u3092\u6982\u8aac\u3057\u3001\u30c7\u30b8\u30d5\u30a1\u30a4\u304c\u5831\u544a\u30d7\u30ed\u30bb\u30b9\u5168\u4f53\u306e\u5408\u7406\u5316\u306b\u3069\u306e\u3088\u3046\u306b\u5f79\u7acb\u3064\u304b\u3092\u5f37\u8abf\u3057\u307e\u3059\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bd2b85c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bd2b85c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-06814da\" data-id=\"06814da\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3bcc530 elementor-widget elementor-widget-heading\" data-id=\"3bcc530\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u30d5\u30a1\u30f3\u30c9\u306e\u4e3b\u306a\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u6307\u6a19\u3068\u305d\u306e\u7b97\u51fa\u65b9\u6cd5<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1252e01 elementor-widget elementor-widget-heading\" data-id=\"1252e01\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1.\u5185\u90e8\u53ce\u76ca\u7387\uff08IRR\uff09<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2daa31a elementor-widget elementor-widget-text-editor\" data-id=\"2daa31a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><b>\u5b9a\u7fa9\u3068\u8a08\u7b97\u5f0f<br \/><\/b>\u5185\u90e8\u53ce\u76ca\u7387(IRR)\u306f\u3001\u3059\u3079\u3066\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc(\u30a4\u30f3\u3068\u30a2\u30a6\u30c8\u306e\u4e21\u65b9)\u306e\u6b63\u5473\u73fe\u5728\u4fa1\u5024(NPV)\u3092\u30bc\u30ed\u306b\u8a2d\u5b9a\u3059\u308b\u5272\u5f15\u7387\u3067\u3042\u308b\u3002\u6570\u5b66\u7684\u306b\u8868\u73fe\u3059\u308b\u3068<\/p><p><em>0 = cf\u2080 + cf\u2081\/(1+irr)\u00b2 + cf\u2082\/(1+irr)\u00b2 + ... + cf\u2099\/(1+irr)\u21aaL7F\u21a9<\/em><\/p><p>CF = \u7279\u5b9a\u306e\u6642\u9593\u9593\u9694\u306b\u304a\u3051\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc (i)<br \/>n = \u5408\u8a08\u6642\u9593\uff08\u5e74<\/p><p><b>\u306a\u305c\u91cd\u8981\u306a\u306e\u304b<br \/><\/b>IRR\u306f\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3068\u5927\u304d\u3055\u306e\u4e21\u65b9\u3092\u8003\u616e\u3057\u305f\u5e74\u7387\u63db\u7b97\u306e\u53ce\u76ca\u7387\u3067\u3059\u3002\u3053\u308c\u306f\u3001LP\u304c\u30d5\u30a1\u30f3\u30c9\u306e\u6295\u8cc7\u984d\u306e\u6210\u9577\u30b9\u30d4\u30fc\u30c9\u3092\u7406\u89e3\u3059\u308b\u306e\u306b\u5f79\u7acb\u3061\u307e\u3059\u3002.<\/p><p><b>\u77e5\u3063\u3066\u304a\u304f\u3079\u304d\u3053\u3068<\/b><\/p><ul><li><b>\u4e2d\u9593IRR\u3068\u6700\u7d42IRR\uff1a<\/b> \u30d5\u30a1\u30f3\u30c9\u304c\u6d3b\u52d5\u3057\u3066\u3044\u308b\u9593\u3001\u4e2d\u9593IRR\u306b\u306f\u5b9f\u73fe\u30ea\u30bf\u30fc\u30f3\u3068\u672a\u5b9f\u73fe\u30ea\u30bf\u30fc\u30f3\u306e\u4e21\u65b9\u304c\u542b\u307e\u308c\u308b\u3002\u6700\u7d42IRR\u306b\u306f\u3001\u30d5\u30a1\u30f3\u30c9\u304c\u30af\u30ed\u30fc\u30ba\u3057\u305f\u5f8c\u306e\u5b9f\u73fe\u30ea\u30bf\u30fc\u30f3\u306e\u307f\u304c\u53cd\u6620\u3055\u308c\u308b\u3002.<\/li><li><b>\u4fe1\u7528\u65bd\u8a2d\uff1a<\/b> \u30d5\u30a1\u30f3\u30c9\u304c\u30af\u30ec\u30b8\u30c3\u30c8\u30fb\u30e9\u30a4\u30f3\u3092\u4f7f\u3063\u3066\u30ad\u30e3\u30d4\u30bf\u30eb\u30fb\u30b3\u30fc\u30eb\u3092\u9045\u3089\u305b\u305f\u5834\u5408\u3001IRR \u306f\u4eba\u70ba\u7684\u306b\u81a8\u3089\u3080\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u304c\u5909\u5316\u3057\u3001\u77ed\u671f\u7684\u306bIRR\u304c\u4e0a\u6607\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002.<\/li><li><b>\u521d\u671f\u306e\u30d5\u30a1\u30f3\u30c9\u751f\u6d3b\uff1a<\/b> IRR\u306f\u3001\u8cc7\u672c\u6d41\u51fa\u304c\u5206\u914d\u91d1\u3092\u4e0a\u56de\u308b\u305f\u3081\u30011\uff5e4\u5e74\u76ee\uff08\u300c\u6b7b\u306e\u8c37\u300d\uff09\u306b\u306f\u30de\u30a4\u30ca\u30b9\u306b\u306a\u308b\u3053\u3068\u304c\u591a\u3044\u3002.<\/li><\/ul><p><b>\u4f8b<\/b><br \/>\u4eca\u65e5$5,000\u3092\u6295\u8cc7\u3057\u30011\u5e74\u76ee\u306e\u7d42\u308f\u308a\u306b$2,000\u30012\u5e74\u76ee\u306e\u7d42\u308f\u308a\u306b$3,000\u30013\u5e74\u76ee\u306e\u7d42\u308f\u308a\u306b$2,000\u3092\u53d7\u3051\u53d6\u308b\u3068\u3059\u308b\u3002\u3053\u308c\u3089\u306e\u30d5\u30ed\u30fc\u3092IRR\u306e\u8a08\u7b97\u5f0f\u306b\u5f53\u3066\u306f\u3081\u308b\u3068\u3001\u5e74\u9593IRR\u306f\u7d0415%\u3068\u306a\u308b\u3002.<\/p><p><b>\u4f55\u3092\u793a\u3057\u3066\u3044\u308b\u304b<br \/><\/b>IRR\u306f\u3001\u6295\u8cc7\u6848\u4ef6\u304c\u6642\u9593\u8abf\u6574\u30d9\u30fc\u30b9\u3067\u3069\u306e\u7a0b\u5ea6\u306e\u5229\u76ca\u3092\u751f\u3080\u304b\u3092\u660e\u3089\u304b\u306b\u3059\u308b\u3082\u306e\u3067\u3042\u308a\u3001\u8907\u6570\u306e\u30d5\u30a1\u30f3\u30c9\u3084\u6295\u8cc7\u6848\u4ef6\u3092\u8a55\u4fa1\u3059\u308bLP\u306b\u3068\u3063\u3066\u6700\u9069\u306a\u6570\u5024\u3067\u3042\u308b\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f6e97a6 elementor-widget elementor-widget-heading\" data-id=\"f6e97a6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2.\u8cc7\u672c\u6e96\u5099\u91d1\u3078\u306e\u5206\u914d\uff08DPI\uff09<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-04ee383 elementor-widget elementor-widget-text-editor\" data-id=\"04ee383\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><b>\u5b9a\u7fa9\u3068\u8a08\u7b97\u5f0f<br \/><\/b>DPI\u306f\u3001\u6295\u8cc7\u5bb6\u304c\u62e0\u51fa\u3057\u305f\u91d1\u984d\u306b\u5bfe\u3057\u3066\u3001\u3069\u308c\u3060\u3051\u306e\u73fe\u91d1\u304c\u6295\u8cc7\u5bb6\u306b\u9084\u5143\u3055\u308c\u305f\u304b\u3092\u6e2c\u308b\u3082\u306e\u3067\u3042\u308b\u3002\u8a08\u7b97\u5f0f<\/p><p><em>DPI = \u7d2f\u7a4d\u5206\u914d\u91d1 \/ \u8cc7\u672c\u6e96\u5099\u91d1<\/em><\/p><p><b>\u306a\u305c\u91cd\u8981\u306a\u306e\u304b<br \/><\/b>DPI\u306f\u6700\u3082\u5177\u4f53\u7684\u306a\u6307\u6a19\u306e1\u3064\u3067\u3001\u6295\u8cc7\u5bb6\u306b\u5b9f\u969b\u306b\u9084\u5143\u3055\u308c\u305f\u73fe\u91d1\u306b\u91cd\u70b9\u3092\u7f6e\u3044\u3066\u3044\u308b\u3002DPI\u304c1.0\u500d\u3092\u4e0a\u56de\u308c\u3070\u3001\u6295\u8cc7\u5bb6\u306f\u5c11\u306a\u304f\u3068\u3082\u521d\u671f\u6295\u8cc7\u984d\u3092\u53d6\u308a\u623b\u3057\u305f\u3053\u3068\u306b\u306a\u308b\u3002.<\/p><p><b>\u77e5\u3063\u3066\u304a\u304f\u3079\u304d\u3053\u3068<\/b><\/p><ul><li><b>\u30af\u30ed\u30fc\u30d0\u30c3\u30af\u6761\u9805\uff1a<\/b> \u3053\u308c\u3089\u306f\u3001\u4ee5\u4e0b\u306e\u5834\u5408\u306bLP\u3092\u4fdd\u8b77\u3059\u308b\u3002 <b>\u904e\u5927\u306a\u30ad\u30e3\u30ea\u30fc\u30fb\u30a4\u30f3\u30bf\u30ec\u30b9\u30c8<\/b> \u304c\u65e9\u671f\u306b\u5206\u914d\u3055\u308c\u305f\u3002GP\u306f\u3001\u6700\u7d42\u7684\u306a\u696d\u7e3e\u304c\u4e00\u5b9a\u306e\u95be\u5024\u3092\u6e80\u305f\u3055\u306a\u3044\u5834\u5408\u3001\u7e70\u8d8a\u6301\u5206\u306e\u4e00\u90e8\u3092\u8fd4\u9084\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u5834\u5408\u304c\u3042\u308b\u3002.<\/li><li><b>GP\u30ae\u30d6\u30d0\u30c3\u30af<\/b> \u30d5\u30a1\u30f3\u30c9\u304c\u30a2\u30f3\u30c0\u30fc\u30d1\u30d5\u30a9\u30fc\u30e0\u306b\u9665\u3063\u305f\u5834\u5408\u3001GP\u306f\u516c\u5e73\u306a\u5206\u914d\u3092\u78ba\u4fdd\u3059\u308b\u305f\u3081\u306b\u5229\u76ca\u306e\u4e00\u90e8\u3092\u8fd4\u9084\u3059\u308b\u3053\u3068\u304c\u3042\u308b\u3002.<\/li><\/ul><p><b>\u4f8b<\/b><br \/>\u30d5\u30a1\u30f3\u30c9\u304c\u7dcf\u984d$1\u5104\u30c9\u30eb\u3092\u30b3\u30fc\u30eb\u3057\u3001LP\u306b$1\u51046,000\u4e07\u30c9\u30eb\u3092\u30ea\u30bf\u30fc\u30f3\u3057\u305f\u5834\u5408\u3001\u305d\u306eDPI\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3042\u308b\u3002 <b>1.6x<\/b>.<\/p><p><b>\u4f55\u3092\u793a\u3057\u3066\u3044\u308b\u304b<br \/><\/b>DPI\u306f\u3001LP\u306e\u61d0\u306b\u3042\u308b\u5b9f\u969b\u306e\u8cc7\u91d1\u3092\u53cd\u6620\u3059\u308b\u305f\u3081\u3001\u30d5\u30a1\u30f3\u30c9\u306e\u3053\u308c\u307e\u3067\u306e\u6210\u529f\u3092\u7aef\u7684\u306b\u793a\u3059\u6307\u6a19\u3068\u306a\u308b\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-34f29b7 elementor-widget elementor-widget-heading\" data-id=\"34f29b7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">3.\u7dcf\u8cc7\u672c\u5229\u76ca\u7387\uff08TVPI\uff09<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a28568a elementor-widget elementor-widget-text-editor\" data-id=\"a28568a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><b>\u5b9a\u7fa9\u3068\u8a08\u7b97\u5f0f<br \/><\/b>TVPI\u306f\u5b9f\u73fe\u30ea\u30bf\u30fc\u30f3\u3068\u672a\u5b9f\u73fe\u30ea\u30bf\u30fc\u30f3\u306e\u4e21\u65b9\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\uff1a<\/p><p><em>TVPI\uff1d\uff08\u57fa\u6e96\u4fa1\u984d\uff0b\u5206\u914d\u91d1\u7dcf\u984d\uff09\uff0f\u6255\u8fbc\u8cc7\u672c\u7dcf\u984d<\/em><\/p><p><b>\u306a\u305c\u91cd\u8981\u306a\u306e\u304b<br \/><\/b>\u5206\u914d\u3055\u308c\u305f\u73fe\u91d1\u306e\u307f\u306b\u6ce8\u76ee\u3059\u308bDPI\u3068\u306f\u7570\u306a\u308a\u3001TVPI\u306f\u672a\u5b9f\u73fe\u306e\u6295\u8cc7\u306b\u3088\u308b\u6f5c\u5728\u7684\u306a\u30a2\u30c3\u30d7\u30b5\u30a4\u30c9\u3092\u542b\u3080\u3002TVPI\u306f\u3001\u30d5\u30a1\u30f3\u30c9\u304c\u5168\u4f53\u3068\u3057\u3066\u3069\u306e\u3088\u3046\u306a\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u51fa\u3057\u3066\u3044\u308b\u304b\u3001\u3088\u308a\u5e83\u3044\u8996\u91ce\u3067\u898b\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002.<\/p><p><b>\u77e5\u3063\u3066\u304a\u304f\u3079\u304d\u3053\u3068<\/b><\/p><ul><li><b>\u30ea\u30b5\u30a4\u30af\u30eb\u8cc7\u672c\uff1a<\/b> \u30d5\u30a1\u30f3\u30c9\u304c\u5206\u914d\u91d1\u3092\u65b0\u898f\u307e\u305f\u306f\u65e2\u5b58\u306e\u6295\u8cc7\u5148\u4f01\u696d\u306b\u518d\u6295\u8cc7\u3059\u308b\u5834\u5408\u3001\u305d\u306e\u518d\u6295\u8cc7\u306f\u5206\u5b50\uff08\u57fa\u6e96\u4fa1\u984d\u3092\u62bc\u3057\u4e0a\u3052\u308b\u5834\u5408\uff09\u3068\u5206\u6bcd\uff08\u6255\u8fbc\u8cc7\u672c\u3092\u5897\u52a0\u3055\u305b\u308b\u5834\u5408\uff09\u306e\u4e21\u65b9\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u3002.<\/li><li><b>\u77ed\u671f\u3068\u9577\u671f\uff1a<\/b> \u521d\u671f\u306eTVPI\u304c\u9ad8\u3044\u5834\u5408\u306f\u3001\u305d\u306e\u307b\u3068\u3093\u3069\u304c\u30da\u30fc\u30d1\u30fc\u30b2\u30a4\u30f3\u3067\u3042\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u3001TVPI\u304c\u4f4e\u3044\u5834\u5408\u306f\u3001\u307e\u3060\u6210\u9577\u6bb5\u968e\u306b\u3042\u308b\u30d5\u30a1\u30f3\u30c9\u3092\u5341\u5206\u306b\u53cd\u6620\u3057\u3066\u3044\u306a\u3044\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002.<\/li><\/ul><p><b>\u4f8b<\/b><br \/>\u30d5\u30a1\u30f3\u30c9\u306e\u73fe\u5728\u306e\u57fa\u6e96\u4fa1\u984d\u304c$1\u5104\u5186\u3067\u3001LP\u304c\u5408\u8a08$1\u5104\u5186\u3092\u62e0\u51fa\u3059\u308b\u4e2d\u3001\u65e2\u306b$6 \u5343\u4e07\u5186\u3092\u5206\u914d\u3057\u305f\u5834\u5408\u3001TVPI\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u306a\u308a\u307e\u3059\uff1a\u00a0<\/p><p><em>TVPI=(100+60)100=1.6xTVPI=100(100+60) =1.6x<\/em><\/p><p><b>\u4f55\u3092\u793a\u3057\u3066\u3044\u308b\u304b<br \/><\/b>TVPI\u306f\u3001LP\u304c\u65e2\u306b\u53d7\u3051\u53d6\u3063\u305f\u30ea\u30bf\u30fc\u30f3\u3068\u30d5\u30a1\u30f3\u30c9\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u6b8b\u308b\u5c06\u6765\u306e\u53ef\u80fd\u6027\u306e\u4e21\u65b9\u3092\u6e2c\u308b\u306e\u306b\u5f79\u7acb\u3061\u307e\u3059\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-00697ae elementor-widget elementor-widget-heading\" data-id=\"00697ae\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">4.\u8cc7\u672c\u6b8b\u5b58\u4fa1\u5024(RVPI)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0ed91de elementor-widget elementor-widget-text-editor\" data-id=\"0ed91de\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><b>\u5b9a\u7fa9\u3068\u8a08\u7b97\u5f0f<br \/><\/b>RVPI\u306f\u3001\u672a\u5b9f\u73fe\u30ea\u30bf\u30fc\u30f3\u3001\u3059\u306a\u308f\u3061\u300c\u7d19\u4e0a\u306e\u300d\u30ea\u30bf\u30fc\u30f3\u3092\u6e2c\u5b9a\u3059\u308b\uff1a<\/p><p><em>RVPI\uff1d\u7d14\u8cc7\u7523\u4fa1\u5024\uff08NAV\uff09\u00f7\u6255\u8fbc\u8cc7\u672c<\/em><\/p><p><i>(\u8a08\u7b97\u5f0f\u3092\u9006\u306b\u3057\u3066\u3044\u308b\u8cc7\u6599\u3082\u3042\u308b\u304c\u3001\u30b3\u30f3\u30bb\u30d7\u30c8\u306f\u5909\u308f\u3089\u306a\u3044)\u3002<\/i><\/p><p><b>\u306a\u305c\u91cd\u8981\u306a\u306e\u304b<br \/><\/b>RVPI\u306f\u3001\u30d5\u30a1\u30f3\u30c9\u306e\u6295\u8cc7\u3067\u672a\u5b9f\u73fe\u306e\u90e8\u5206\u3092\u5f37\u8abf\u3059\u308b\u3082\u306e\u3067\u3042\u308b\u3002LP\u306f\u3001\u30a2\u30af\u30c6\u30a3\u30d6\u30dd\u30b8\u30b7\u30e7\u30f3\u3084\u90e8\u5206\u7684\u306b\u653e\u68c4\u3055\u308c\u305f\u30dd\u30b8\u30b7\u30e7\u30f3\u306b\u3069\u308c\u3060\u3051\u306e\u4fa1\u5024\u304c\u6b8b\u3063\u3066\u3044\u308b\u304b\u3092\u7406\u89e3\u3059\u308b\u305f\u3081\u306b\u3053\u308c\u3092\u5229\u7528\u3057\u307e\u3059\u3002.<\/p><p><b>\u77e5\u3063\u3066\u304a\u304f\u3079\u304d\u3053\u3068<\/b><\/p><ul><li><b>\u5e7c\u5150\u671f\u3068\u6669\u5e74\uff1a<\/b> \u30d5\u30a1\u30f3\u30c9\u306e\u30e9\u30a4\u30d5\u30b5\u30a4\u30af\u30eb\u306e\u521d\u671f\u306b\u306f\u3001RVPI\u306f\u9ad8 \u304f\u306a\u308a\u304c\u3061\u3067\u3042\u308b\u3002\u30d5\u30a1\u30f3\u30c9\u304c\u30e9\u30a4\u30d5\u30b5\u30a4\u30af\u30eb\u306b\u5165\u3063\u305f\u5f8c\u3082 RVPI\u304c\u9ad8\u3044\u307e\u307e\u3067\u3042\u308c\u3070\u3001\u30d5\u30a1\u30f3\u30c9\u306e\u51fa\u53e3\u304c\u9045\u3044\u3053\u3068\u3092\u793a\u5506 \u3057\u3066\u3044\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002.<\/li><li><b>\u8a55\u4fa1\u65b9\u6cd5\uff1a<\/b> RVPI\u306f <b>\u7d14\u8cc7\u7523\u4fa1\u5024<\/b>, \u3053\u308c\u306f\u3001GP\u304c\u6295\u8cc7\u5148\u4f01\u696d\u3092\u3069\u306e\u3088\u3046\u306b\u8a55\u4fa1\u3057\u3066\u3044\u308b\u304b\u306b\u4f9d\u5b58\u3059\u308b\u3002\u4fdd\u5b88\u7684\u306a\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u3068\u7a4d\u6975\u7684\u306a\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u306f\u3001\u3053\u306e\u6570\u5024\u306b\u5927\u304d\u306a\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002.<\/li><\/ul><p><b>\u4f8b<\/b><br \/>LP\u304c$75\u767e\u4e07\u30c9\u30eb\u3092\u62e0\u51fa\u3057\u3001\u30d5\u30a1\u30f3\u30c9\u306e\u57fa\u6e96\u4fa1\u984d\u304c$150\u767e\u4e07\u30c9\u30eb\u3067\u3042\u308b\u5834\u5408\u3001RVPI\u306f2.0\u500d\u3068\u306a\u308a\u3001\u62e0\u51fa\u8cc7\u672c\u306e2\u500d\u304c\u307e\u3060\u7d19\u306e\u4e0a\u306b\u6b8b\u3063\u3066\u3044\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002.<\/p><p><b>\u4f55\u3092\u793a\u3057\u3066\u3044\u308b\u304b<br \/><\/b>RVPI\u306f\u3001\u6295\u8cc7\u5bb6\u306e\u8cc7\u672c\u304c\u307e\u3060\u3069\u306e\u7a0b\u5ea6\u6295\u8cc7\u3055\u308c\u3066\u3044\u308b\u304b\u306b\u3064\u3044\u3066\u306e\u6d1e\u5bdf\u3092\u63d0\u4f9b\u3059\u308b\u3002\u3053\u308c\u306f\u3001\u5c06\u6765\u306e\u51fa\u53e3\u3068\u5206\u914d\u306e\u53ef\u80fd\u6027\u3092\u793a\u3059\u3082\u306e\u3067\u3042\u308b\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6868aaa elementor-widget elementor-widget-heading\" data-id=\"6868aaa\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">5.\u6295\u4e0b\u8cc7\u672c\u5229\u76ca\u7387\uff08MOIC\uff09<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d7577e elementor-widget elementor-widget-text-editor\" data-id=\"1d7577e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><b>\u5b9a\u7fa9\u3068\u8a08\u7b97\u5f0f<br \/><\/b>MOIC\u306f\u3001\u5f53\u521d\u306e\u6295\u8cc7\u984d\u306e\u4f55\u500d\u304c\u751f\u307f\u51fa\u3055\u308c\u305f\u304b\u3092\u6e2c\u5b9a\u3059\u308b\uff1a<\/p><p><i>MOIC = \u7dcf\u4fa1\u5024 \/ \u6295\u4e0b\u8cc7\u672c<\/i><\/p><p><b>\u306a\u305c\u91cd\u8981\u306a\u306e\u304b<br \/><\/b>MOIC\u306f\u30ea\u30bf\u30fc\u30f3\u306e\u7aef\u7684\u306a\u30b9\u30ca\u30c3\u30d7\u30b7\u30e7\u30c3\u30c8\u3067\u3042\u308a\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u5185\u306e\u500b\u3005\u306e\u6848\u4ef6\u3092\u6bd4\u8f03\u3059\u308b\u969b\u306b\u7279\u306b\u6709\u7528\u3067\u3042\u308b\u3002MOIC\u306f\u30b0\u30ed\u30b9\uff08\u624b\u6570\u6599\u3092\u9664\u304f\uff09\u3068\u30cd\u30c3\u30c8\uff08\u624b\u6570\u6599\u3092\u542b\u3080\uff09\u306b\u5206\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002.<\/p><p><b>\u77e5\u3063\u3066\u304a\u304f\u3079\u304d\u3053\u3068<\/b><\/p><ul><li><b>\u304a\u91d1\u306e\u6642\u9593\u4fa1\u5024\uff1a<\/b> MOIC\u306f\u6642\u9593\u7684\u8981\u7d20\u3092\u8003\u616e\u3057\u3066\u3044\u306a\u3044\u305f\u3081\u30012\u5e74\u3067\u9054\u6210\u3055\u308c\u308b3.0\u500d\u306e\u500d\u7387\u306810\u5e74\u3067\u9054\u6210\u3055\u308c\u308b3.0\u500d\u306e\u500d\u7387\u306f\u5927\u304d\u304f\u7570\u306a\u308b\u3002.<\/li><li><b>\u672a\u5b9f\u73fe\u4fa1\u5024\uff1a<\/b> MOIC\u306b\u306f\u30a2\u30af\u30c6\u30a3\u30d6\u6295\u8cc7\u306e\u8a55\u4fa1\u3082\u542b\u307e\u308c\u308b\u3053\u3068\u304c\u3042\u308b\u305f\u3081\u3001\u57fa\u6e96\u4fa1\u984d\u304c\u4e0d\u6b63\u78ba\u306a\u5834\u5408\u3001\u7d50\u679c\u304c\u6b6a\u3080\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002.<\/li><\/ul><p><b>\u4f8b<\/b><br \/>$5\u4e07\u5186\u3092\u65b0\u8208\u4f01\u696d\u306b\u6295\u8cc7\u3057\u3001\u73fe\u5728\u306e\u8a55\u4fa1\u984d\u3068\u5206\u914d\u91d1\u306e\u5408\u8a08\u304c$15\u4e07\u5186\u306b\u306a\u3063\u305f\u5834\u5408\u3001MOIC\u306f3.0\u500d\u3068\u306a\u308b\u3002.<\/p><p><b>\u4f55\u3092\u793a\u3057\u3066\u3044\u308b\u304b<br \/><\/b>MOIC\u306f\u3001\u3069\u306e\u6295\u8cc7\u304c\u6700\u3082\u9ad8\u3044\u30ea\u30bf\u30fc\u30f3\u3092\u3082\u305f\u3089\u3059\u304b\u3092\u8fc5\u901f\u306b\u53cd\u6620\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002\u3057\u304b\u3057\u3001\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u5b8c\u5168\u306b\u628a\u63e1\u3059\u308b\u305f\u3081\u306b\u306f\u3001\uff08IRR\u306e\u3088\u3046\u306a\uff09\u6642\u9593\u306e\u5f71\u97ff\u3092\u53d7\u3051\u3084\u3059\u3044\u6307\u6a19\u3068\u7d44\u307f\u5408\u308f\u305b\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-228b697 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"228b697\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e0431ad\" data-id=\"e0431ad\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3872eff elementor-widget elementor-widget-heading\" data-id=\"3872eff\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u30d5\u30a1\u30f3\u30c9\u306e\u30e9\u30a4\u30d5\u30b5\u30a4\u30af\u30eb\u306b\u304a\u3051\u308b\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u6307\u6a19<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e6183e elementor-widget elementor-widget-heading\" data-id=\"2e6183e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">J\u30ab\u30fc\u30d6\u52b9\u679c<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7cbb1f4 elementor-widget elementor-widget-text-editor\" data-id=\"7cbb1f4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u3067 <b>\u672a\u516c\u958b\u682a\u5f0f<\/b> \u305d\u3057\u3066 <b>\u30d9\u30f3\u30c1\u30e3\u30fc\u30ad\u30e3\u30d4\u30bf\u30eb<\/b>, \u30d5\u30a1\u30f3\u30c9\u306e\u30ea\u30bf\u30fc\u30f3\u306f\u3001\u5f53\u521d\u306f\uff08\u8a2d\u5b9a\u30b3\u30b9\u30c8\u3068\u975e\u751f\u7523\u7684\u306a\u8cc7\u672c\u652f\u51fa\u306b\u3088\u308a\uff09\u30de\u30a4\u30ca\u30b9\u3067\u3001\u6210\u529f\u3059\u308c\u3070\u5f8c\u5e74\u4e0a\u6607\u3059\u308b\u300cJ\u30ab\u30fc\u30d6\u300d\u3092\u793a\u3059\u3053\u3068\u304c\u591a\u3044\u3002.<\/p><p><b>1\uff5e4\u5e74\u76ee\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u69cb\u7bc9<\/b><\/p><ul><li><b>\u30cd\u30ac\u30c6\u30a3\u30d6\u30fb\u30a2\u30fc\u30ea\u30fc\u30fb\u30ea\u30bf\u30fc\u30f3\u30ba<\/b>:\u6700\u521d\u306e\u6570\u5e74\u9593\u306f\u3001\u30d5\u30a1\u30f3\u30c9\u306b\u306f\u7ba1\u7406\u8cbb\u3001\u5f01\u8b77\u58eb\u8cbb\u7528\u3001\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u8cbb\u7528\u304c\u304b\u304b\u308b\u3002.<\/li><li><b>\u4fdd\u5b88\u7684\u306a\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3<\/b>:\u521d\u671f\u6bb5\u968e\u306e\u6295\u8cc7\u306b\u3064\u3044\u3066\u306f\u3001\u696d\u7e3e\u304c\u3059\u3050\u306b\u660e\u3089\u304b\u306b\u306a\u3089\u306a\u3044\u5834\u5408\u3001\u8a55\u4fa1\u640d\u3092\u8a08\u4e0a\u3059\u308b\u3053\u3068\u304c\u3042\u308b\u3002.<\/li><li><b>\u5f71\u97ff\u3092\u53d7\u3051\u308b\u6307\u6a19<\/b>:<ul><li>IRR\uff1a\u3057\u3070\u3057\u3070\u30de\u30a4\u30ca\u30b9\u3002.<\/li><li>DPI\uff1a\u307e\u3060\u9000\u5834\u304c\u767a\u751f\u3057\u3066\u3044\u306a\u3044\u305f\u3081\u3001\u901a\u5e38\u306f\u30bc\u30ed\u3002.<\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f6cd6dd elementor-widget elementor-widget-text-editor\" data-id=\"f6cd6dd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><b>4\uff5e7\u5e74\u76ee\uff1a\u4fa1\u5024\u5275\u9020<\/b><\/p><ul><li><b>\u30aa\u30da\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u6539\u5584<\/b>:\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u4f01\u696d\u306f\u6210\u719f\u3057\u59cb\u3081\u3001\u3088\u308a\u9ad8\u3044\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u3067\u65b0\u305f\u306a\u30e9\u30a6\u30f3\u30c9\u3092\u8abf\u9054\u3059\u308b\u3002.<\/li><li><b>\u65e9\u671f\u9000\u5834<\/b>:\u6210\u529f\u3057\u305f\u6295\u8cc7\u6848\u4ef6\u306e\u4e2d\u306b\u306f\u3001\u58f2\u5374\u3057\u3066\u5229\u76ca\u3092\u5f97\u3066\u3001\u5206\u914d\u91d1\u3092\u62bc\u3057\u4e0a\u3052\u308b\u3082\u306e\u3082\u3042\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3002.<\/li><li><b>\u5f71\u97ff\u3092\u53d7\u3051\u308b\u6307\u6a19<\/b>:<ul><li>TVPI\uff1a\u57fa\u6e96\u4fa1\u984d\u3068\u5f53\u521d\u5206\u914d\u91d1\u304c\u4e0a\u6607\u3059\u308b\u306b\u3064\u308c\u3066\u4e0a\u6607\u3057\u59cb\u3081\u308b\u3053\u3068\u304c\u591a\u3044\u3002.<\/li><li>DPI\uff1a\u5b9f\u73fe\u5229\u76ca\u304c\u51fa\u59cb\u3081\u308b\u3068\u30bc\u30ed\u304b\u3089\u9060\u3056\u304b\u308b\u3002.<\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-834cb24 elementor-widget elementor-widget-text-editor\" data-id=\"834cb24\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><b>8\u6b73\u4ee5\u4e0a\u5b9f\u73fe\u3068\u53ce\u7a6b<\/b><\/p><ul><li><b>\u91cd\u8981\u306a\u51fa\u53e3<\/b>:\u4f01\u696d\u306f\u6210\u719f\u671f\u3092\u8fce\u3048\u3001\u8cb7\u53ce\u3055\u308c\u305f\u308a\u3001\u682a\u5f0f\u516c\u958b\u3055\u308c\u305f\u308a\u3057\u3066\u3001\u7d19\u4e0a\u306e\u5229\u76ca\u3092\u73fe\u91d1\u306b\u63db\u3048\u308b\u3002.<\/li><li><b>\u521d\u671f\u8a55\u4fa1\u306e\u691c\u8a3c<\/b>:\u30a4\u30b0\u30b8\u30c3\u30c8\u304c\u5b9f\u73fe\u3059\u308c\u3070\u3001IRR\u304c\u78ba\u5b9a\u3059\u308b\u3002.<\/li><li><b>\u5f71\u97ff\u3092\u53d7\u3051\u308b\u6307\u6a19<\/b>:<ul><li>DPI\uff1a\u8cc7\u672c\u304c\u3069\u308c\u3060\u3051\u623b\u3063\u3066\u304d\u305f\u304b\u3092\u53cd\u6620\u3059\u308b\u4e2d\u5fc3\u7684\u306a\u6307\u6a19\u3002.<\/li><li>IRR\uff1a\u30d5\u30a1\u30f3\u30c9\u306e\u6210\u529f\u304c\u5931\u6557\u3092\u4e0a\u56de\u308c\u3070\u3001IRR\u306f\u4e0a\u6607\u50be\u5411\u307e\u305f\u306f\u5b89\u5b9a\u3059\u308b\u3002.<\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fad642d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fad642d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6230872\" data-id=\"6230872\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c1f770b elementor-widget elementor-widget-heading\" data-id=\"c1f770b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u30d5\u30a1\u30f3\u30c9\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u6307\u6a19\u3092LP\u306b\u4f1d\u3048\u308b\u969b\u306e\u30d9\u30b9\u30c8\u30d7\u30e9\u30af\u30c6\u30a3\u30b9<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-98883b0 elementor-widget elementor-widget-heading\" data-id=\"98883b0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u6587\u8108\u3068\u7269\u8a9e\u3092\u63d0\u4f9b\u3059\u308b<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c0519ec elementor-widget elementor-widget-text-editor\" data-id=\"c0519ec\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif;\"><b>\u30d5\u30a1\u30f3\u30c9\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u6307\u6a19<\/b><\/span><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight );\"> \u3060\u3051\u3067\u306f\u3059\u3079\u3066\u3092\u8a9e\u308b\u3053\u3068\u306f\u3067\u304d\u306a\u3044\u3002IRR\u3084TVPI\u306e\u5909\u5316\u3092\u5e38\u306b\u73fe\u5b9f\u306e\u51fa\u6765\u4e8b\u3068\u7d50\u3073\u3064\u3051\u308b\u3053\u3068\uff1a<\/span><\/p><p><em>\u201c\u300cIRR\u306f22%\u306b\u4e0a\u6607\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u4f1a\u793eA\u306e\u30b7\u30ea\u30fc\u30baC\u30e9\u30a6\u30f3\u30c9\u304c\u6210\u529f\u3057\u305f\u3053\u3068\u3068\u3001\u4fdd\u6709\u3059\u308b\u30a8\u30f3\u30bf\u30fc\u30d7\u30e9\u30a4\u30ba\u30fb\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u5168\u4f53\u306e\u53ce\u76ca\u304c\u597d\u8abf\u306b\u4f38\u3073\u305f\u3053\u3068\u306b\u3088\u308b\u3082\u306e\u3067\u3059\u3002\u201d<\/em><\/p><p>\u3053\u308c\u306f\u6570\u5b57\u306b\u3068\u3069\u307e\u3089\u305a\u3001\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306e\u6839\u672c\u7684\u306a\u8981\u56e0\u3092\u660e\u3089\u304b\u306b\u3059\u308b\u3082\u306e\u3067\u3059\u3002\u3053\u308c\u306f\u3001LP\u304c\u3053\u308c\u3089\u306e\u5229\u76ca\u306e\u6301\u7d9a\u53ef\u80fd\u6027\u3092\u8a55\u4fa1\u3059\u308b\u306e\u306b\u5f79\u7acb\u3061\u307e\u3059\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7cc5eea elementor-widget elementor-widget-heading\" data-id=\"7cc5eea\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u8907\u6570\u306e\u6307\u6a19\u3092\u4f75\u7528\u3059\u308b<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8be7b45 elementor-widget elementor-widget-text-editor\" data-id=\"8be7b45\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u30b7\u30a7\u30a2 <b>TVPI\u3001DPI\u3001RVPI<\/b> \u4e00\u7dd2\u306b\u306d\uff1a<\/p><p><em>\u201c\u300c\u4eca\u671f\u306eTVPI\u306f2.1\u500d\u3067\u3001DPI\u304c0.8\u500d\u3001RVPI\u304c1.3\u500d\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u4eca\u5f8c12\uff5e18\u30f6\u6708\u306e\u9593\u306b\u3001\u5f8c\u671f\u6bb5\u968e\u306e\u4f01\u696d\u304c\u51fa\u53e3\u3092\u8fce\u3048\u308b\u306b\u3057\u305f\u304c\u3063\u3066\u3001\u672a\u5b9f\u73fe\u90e8\u5206\u304c\u5206\u914d\u91d1\u306b\u8ee2\u63db\u3055\u308c\u308b\u3068\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002\u201d<\/em><\/p><p>\u3053\u308c\u306b\u3088\u3063\u3066LP\u306f\u3001\u4f55\u304c\u3059\u3067\u306b\u5b9f\u73fe\u3057\u3001\u4f55\u304c\u307e\u3060\u5b9f\u73fe\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u306e\u304b\u3092\u3088\u308a\u660e\u78ba\u306b\u77e5\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f385261 elementor-widget elementor-widget-heading\" data-id=\"f385261\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u9577\u671f\u7684\u306a\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306e\u6587\u8108\u5316<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f5b439b elementor-widget elementor-widget-text-editor\" data-id=\"f5b439b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306f\u9032\u5316\u3059\u308bLP\u306b\u6b74\u53f2\u5e74\u8868\u3092\u898b\u305b\u3088\u3046\uff1a<\/p><p><em>\u201c\u300cTVPI\u306f\u4eca\u671f1.8\u500d\u304b\u30892.1\u500d\u306b\u4e0a\u6607\u3057\u305f\u304c\u3001\u3053\u308c\u306f2\u3064\u306e\u8981\u56e0\u306b\u3088\u308b\uff1aA\u793e\u306e$50\u767e\u4e07\u30e6\u30fc\u30ed\u306e\u64a4\u9000\uff08DPI\u306b0.2\u500d\u3092\u52a0\u7b97\uff09\u3068B\u793e\u306e\u30b7\u30ea\u30fc\u30baD\u8cc7\u91d1\u8abf\u9054\uff08RVPI\u306b0.1\u500d\u3092\u52a0\u7b97\uff09\u3002\u201d<\/em><\/p><p>\u6539\u5584\u3092\u7279\u5b9a\u306e\u30a4\u30d9\u30f3\u30c8\u3084\u696d\u52d9\u6539\u5584\u3068\u30ea\u30f3\u30af\u3055\u305b\u308b\u3053\u3068\u3067\u3001\u30ea\u30bf\u30fc\u30f3\u306e\u63a8\u9032\u306b\u304a\u3051\u308b\u30c1\u30fc\u30e0\u306e\u7a4d\u6975\u7684\u306a\u5f79\u5272\u3092\u793a\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-abe6374 elementor-widget elementor-widget-heading\" data-id=\"abe6374\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u914d\u5206\u306e\u5185\u8a33<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-49c0937 elementor-widget elementor-widget-text-editor\" data-id=\"49c0937\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>LP\u306f\u30a2\u30c8\u30ea\u30d3\u30e5\u30fc\u30b7\u30e7\u30f3\u5206\u6790\u3092\u9ad8\u304f\u8a55\u4fa1\u3057\u307e\u3059\uff1a<\/p><ol><li><b>\u904b\u55b6\u4e0a\u306e\u4fa1\u5024\u5275\u9020\uff1a<\/b> \u5229\u76ca\u7387\u306e\u6539\u5584\u3001\u5e02\u5834\u30b7\u30a7\u30a2\u306e\u62e1\u5927\u3002.<\/li><li><b>\u5b9f\u884c\u3092\u7d42\u4e86\u3059\u308b\uff1a<\/b> \u51fa\u53e3\u4fa1\u5024\u3092\u6700\u5927\u5316\u3059\u308bM&amp;A\u307e\u305f\u306fIPO\u6226\u7565\u3002.<\/li><li><b>\u5e02\u5834\u306e\u30dd\u30b8\u30b7\u30e7\u30cb\u30f3\u30b0<\/b> \u3088\u308a\u5e83\u7bc4\u306a\u696d\u754c\u30c8\u30ec\u30f3\u30c9\u307e\u305f\u306f\u3088\u308a\u9ad8\u3044\u500d\u7387\u304b\u3089\u5229\u76ca\u3092\u5f97\u308b\u3002.<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-12de357 elementor-widget elementor-widget-text-editor\" data-id=\"12de357\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><em>\u201c\u300c\u73fe\u5728\u306eTVPI2.1\u500d\u306e\u3046\u3061\u30010.8\u500d\u306f\u4e3b\u8981\u306a\u6295\u8cc7\u5148\u4f01\u696d\u306e\u76f4\u63a5\u7684\u306a\u7d4c\u55b6\u6539\u5584\u306b\u3088\u308b\u3082\u306e\u3067\u30010.7\u500d\u306f\u6226\u7565\u7684\u64a4\u9000\u306b\u3088\u308b\u3082\u306e\u30010.6\u500d\u306f\u5927\u5e45\u306a\u62e1\u5927\u3092\u898b\u305f\u4f01\u696d\u5411\u3051\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u3078\u306e\u6ce8\u529b\u306b\u3088\u308b\u3082\u306e\u3067\u3042\u308b\u3002\u201d <\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-91a3b6e elementor-widget elementor-widget-heading\" data-id=\"91a3b6e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u4e00\u8cab\u3057\u305f\u5831\u544a\u983b\u5ea6\u306e\u78ba\u7acb<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8e111e1 elementor-widget elementor-widget-text-editor\" data-id=\"8e111e1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u5b9a\u671f\u7684\u3067\u30bf\u30a4\u30e0\u30ea\u30fc\u306a\u5831\u544a\u306f\u4fe1\u983c\u3092\u80b2\u3080\u3002\u4f8b\u3048\u3070<\/p><p><em>\u201c\u300c\u56db\u534a\u671f\u3054\u3068\u306b\u3001IRR\u3001TVPI\u3001DPI\u3001RVPI \u306e\u5909\u5316\u3092\u8a73\u8ff0\u3057\u305f\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u30fb\u30a2\u30c3\u30d7\u30c7\u30fc\u30c8\u3092\u56db\u534a\u671f\u672b\u304b\u308945\u65e5\u4ee5\u5185\u306b\u767a\u884c\u3057\u3066\u3044\u307e\u3059\u3002\u91cd\u8981\u306a\u51fa\u53e3\u3084\u8cc7\u91d1\u8abf\u9054\u306e\u30a4\u30d9\u30f3\u30c8\u304c\u767a\u751f\u3057\u305f\u5834\u5408\u306f\u3001\u4e2d\u9593\u66f4\u65b0\u3092\u767a\u884c\u3057\u3001\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u3067\u304a\u77e5\u3089\u305b\u3057\u307e\u3059\u3002\u201d<\/em><\/p><p>\u8fc5\u901f\u3067\u4e88\u6e2c\u53ef\u80fd\u306a\u30b3\u30df\u30e5\u30cb\u30b1\u30fc\u30b7\u30e7\u30f3\u306f\u3001LP\u304c\u81ea\u8eab\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3084\u6295\u8cc7\u6226\u7565\u3092\u8a08\u753b\u3059\u308b\u306e\u306b\u5f79\u7acb\u3061\u307e\u3059\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-923fa96 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"923fa96\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3b26996\" data-id=\"3b26996\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ff2237 elementor-widget elementor-widget-heading\" data-id=\"7ff2237\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u30d5\u30a1\u30f3\u30c9\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u6307\u6a19\u5831\u544a\u306b\u304a\u3051\u308b\u5171\u901a\u306e\u8ab2\u984c<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3fec2e3 elementor-widget elementor-widget-text-editor\" data-id=\"3fec2e3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li><b>\u30c7\u30fc\u30bf\u306e\u6b63\u78ba\u6027\u3068\u4e00\u8cab\u6027 <\/b><ul><li>IRR\u8a08\u7b97\u306e\u305f\u3081\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u6b63\u78ba\u306a\u30bf\u30a4\u30df\u30f3\u30b0\u3068\u91cf\u3092\u78ba\u4fdd\u3059\u308b\u3053\u3068\u306f\u3001\u8907\u96d1\u306a\u5834\u5408\u304c\u3042\u308b\u3002.<\/li><li>\u983b\u7e41\u306a\u66f4\u65b0\u306f\u3001\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u30fb\u30c7\u30fc\u30bf\u306e\u8907\u6570\u306e\u30d0\u30fc\u30b8\u30e7\u30f3\u3092\u610f\u5473\u3059\u308b\u3002\u30d0\u30fc\u30b8\u30e7\u30f3\u7ba1\u7406\u306e\u305f\u3081\u306e\u4fe1\u983c\u3067\u304d\u308b\u30b7\u30b9\u30c6\u30e0\u3092\u6301\u3064\u3053\u3068\u306f\u975e\u5e38\u306b\u91cd\u8981\u3067\u3059\u3002.<\/li><\/ul><\/li><li><b>\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u60c5\u5831\u306e\u5b89\u5168\u306a\u914d\u4fe1 <\/b><ul><li>\u30df\u30fc\u30c6\u30a3\u30f3\u30b0 <b>\u9075\u5b88\u4e8b\u9805<\/b> \u3068\u306f\u3001\u5404LP\u306e\u30c7\u30fc\u30bf\u3068\u305d\u306e\u57fa\u790e\u3068\u306a\u308b\u6587\u66f8\u306e\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u3092\u78ba\u4fdd\u3059\u308b\u3053\u3068\u3092\u610f\u5473\u3057\u307e\u3059\u3002.<\/li><li>\u5229\u5bb3\u95a2\u4fc2\u8005\u306b\u3088\u3063\u3066\u6a29\u9650\u30ec\u30d9\u30eb\u304c\u7570\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u305f\u3081\u3001\u5f37\u56fa\u306a\u6a29\u9650\u69cb\u9020\u304c\u4e0d\u53ef\u6b20\u3067\u3042\u308b\u3002.<\/li><\/ul><\/li><li><b>\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u30fb\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u30fb\u30a2\u30c3\u30d7\u30c7\u30fc\u30c8 <\/b><ul><li>LP\u306e\u30cb\u30fc\u30ba\u306f\u307e\u3059\u307e\u3059\u9ad8\u307e\u3063\u3066\u3044\u308b\u3002 <b>\u6700\u65b0\u60c5\u5831<\/b> \u5927\u898f\u6a21\u306a\u64a4\u9000\u3084\u8a55\u4fa1\u306e\u5909\u66f4\u306b\u4f34\u3046\u3082\u306e\u3002.<\/li><li>\u4e00\u5143\u5316\u3055\u308c\u305f\u30c0\u30c3\u30b7\u30e5\u30dc\u30fc\u30c9\u3084\u81ea\u52d5\u5316\u3055\u308c\u305f\u30a2\u30e9\u30fc\u30c8\u306a\u3057\u3067\u306f\u3001\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u306e\u30c7\u30fc\u30bf\u3092\u7dad\u6301\u3059\u308b\u3053\u3068\u306f\u96e3\u3057\u3044\u3002.<\/li><\/ul><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-af51a98 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"af51a98\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-753ebe8\" data-id=\"753ebe8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2dd9f9e elementor-widget elementor-widget-heading\" data-id=\"2dd9f9e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u30c7\u30b8\u30d5\u30a1\u30a4\u304c\u304a\u624b\u4f1d\u3044\u3067\u304d\u308b\u3053\u3068<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-254c74a elementor-widget elementor-widget-text-editor\" data-id=\"254c74a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u3092\u4f7f\u7528\u3057\u3066\u3044\u308b\u3002 <b>\u30bb\u30ad\u30e5\u30a2\u30c7\u30fc\u30bf\u30eb\u30fc\u30e0<\/b> \u307e\u305f\u306f <b>\u7d71\u5408\u6295\u8cc7\u5bb6\u5831\u544a\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0<\/b> Digify\u306f\u3001\u4e00\u8cab\u6027\u306e\u3042\u308b\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u6307\u6a19\u3092\u63d0\u4f9b\u3059\u308b\u8907\u96d1\u3055\u3092\u5408\u7406\u5316\u3057\u307e\u3059\u3002\u3053\u308c\u304c\u305d\u306e\u65b9\u6cd5\u3067\u3059\uff1a<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d137891 elementor-widget elementor-widget-text-editor\" data-id=\"d137891\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li><b>\u7d71\u4e00\u3055\u308c\u305f\u6295\u8cc7\u5bb6\u5411\u3051\u30ec\u30dd\u30fc\u30c6\u30a3\u30f3\u30b0\u30fb\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0 <\/b><ul><li>\u30c8\u30e9\u30c3\u30af <b>IRR\u3001TVPI\u3001DPI\u3001RVPI\u3001MOIC<\/b> \u3092\u4e00\u7b87\u6240\u306b\u96c6\u3081\u305f\u3002.<\/li><li>\u30aa\u30d5\u30a1\u30fc <b>\u5b9a\u671f\u901a\u77e5<\/b> \u305d\u306e\u305f\u3081LP\u306f\u3001\u4e3b\u8981\u306a\u9000\u51fa\u30a4\u30d9\u30f3\u30c8\u3084\u5206\u914d\u91d1\u306b\u3064\u3044\u3066\u4e8b\u524d\u306b\u30a2\u30e9\u30fc\u30c8\u3092\u53d7\u3051\u53d6\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002.<\/li><\/ul><\/li><li><b>\u771f\u5b9f\u306e\u5358\u4e00\u30bd\u30fc\u30b9 <\/b><ul><li>\u5404\u6307\u6a19\u306e\u78ba\u5b9a\u7248\u30921\u3064\u7dad\u6301\u3059\u308b\u3053\u3068\u3067\u3001\u6df7\u4e71\u3092\u306a\u304f\u3059\u3002.<\/li><li>\u8a73\u7d30\u306a\u8a18\u9332 <b>\u76e3\u67fb\u8a3c\u8de1<\/b> \u3053\u308c\u306f\u3001\u898f\u5236\u9075\u5b88\u3092\u78ba\u4fdd\u3059\u308b\u305f\u3081\u306b\u4e0d\u53ef\u6b20\u306a\u3082\u306e\u3067\u3059\u3002.<\/li><\/ul><\/li><li><b>\u30d0\u30fc\u30b8\u30e7\u30f3\u7ba1\u7406 <\/b><ul><li>\u53e4\u3044\u30d0\u30fc\u30b8\u30e7\u30f3\u304c\u51fa\u56de\u308b\u30ea\u30b9\u30af\u3092\u5192\u3059\u3053\u3068\u306a\u304f\u3001\u30d4\u30c3\u30c1\u30c7\u30c3\u30ad\u3084\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u30ec\u30dd\u30fc\u30c8\u3092\u66f4\u65b0\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002.<\/li><li>\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u91cd\u8981\u306a\u6307\u6a19\u3092\u8b70\u8ad6\u3059\u308b\u969b\u306b\u3001\u660e\u78ba\u3055\u3068\u4e00\u8cab\u6027\u3092\u63d0\u4f9b\u3059\u308b\u3002 <b>\u30d5\u30a1\u30f3\u30c9\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9<\/b> \u6642\u9593\u306e\u7d4c\u904e\u3068\u3068\u3082\u306b\u5909\u5316\u3059\u308b\u3002.<\/li><\/ul><\/li><li><b>\u304d\u3081\u7d30\u304b\u306a\u30a2\u30af\u30bb\u30b9\u5236\u5fa1 <\/b><ul><li>LP\u3084\u30b0\u30eb\u30fc\u30d7\u3054\u3068\u306b\u6a29\u9650\u3092\u8a2d\u5b9a\u3057\u3001\u5404\u95a2\u4fc2\u8005\u304c\u95a2\u9023\u3059\u308b\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u30c7\u30fc\u30bf\u3084\u57fa\u790e\u3068\u306a\u308b\u8a18\u9332\u306e\u307f\u3092\u95b2\u89a7\u3067\u304d\u308b\u3088\u3046\u306b\u3057\u307e\u3059\u3002.<\/li><\/ul><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b57228d elementor-widget elementor-widget-text-editor\" data-id=\"b57228d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u3053\u308c\u3089\u306e\u80fd\u529b\u306b\u3088\u308a\u3001\u30c7\u30b8\u30d5\u30a1\u30a4\u306f\u81ea\u3089\u3092\u6b21\u306e\u3088\u3046\u306b\u4f4d\u7f6e\u3065\u3051\u3066\u3044\u308b\u3002 <b>\u5b9f\u7528\u7684\u3067\u624b\u9803\u306a\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3<\/b> \u30b7\u30f3\u30d7\u30eb\u3055\u3068\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u306e\u30d0\u30e9\u30f3\u30b9\u304c\u3068\u308c\u3066\u3044\u308b\u3002\u591a\u304f\u306eVC\u304cDigify\u306e\u3088\u3046\u306a\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3092\u6d3b\u7528\u3057\u3001\u6295\u8cc7\u5bb6\u3068\u306e\u30b3\u30df\u30e5\u30cb\u30b1\u30fc\u30b7\u30e7\u30f3\u3092\u5f37\u5316\u3057\u3001\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u8981\u4ef6\u3092\u6e80\u305f\u3057\u3001\u30d7\u30ed\u30d5\u30a7\u30c3\u30b7\u30e7\u30ca\u30eb\u306a\u30a4\u30e1\u30fc\u30b8\u3092\u6253\u3061\u51fa\u3057\u3066\u3044\u308b\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5b4ef18 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"5b4ef18\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-28e6ccf elementor-widget elementor-widget-text-editor\" data-id=\"28e6ccf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u306e\u8a08\u7b97\u3068\u30b3\u30df\u30e5\u30cb\u30b1\u30fc\u30b7\u30e7\u30f3\u3092\u30de\u30b9\u30bf\u30fc\u3059\u308b\u3053\u3068\u3067\u3042\u308b\u3002 <b>VC\u30d5\u30a1\u30f3\u30c9\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u6307\u6a19<\/b>-IRR\u3001DPI\u3001TVPI\u3001RVPI\u3001MOIC\u3092\u542b\u3081\u3001LP\u304c\u3042\u306a\u305f\u306e\u30d5\u30a1\u30f3\u30c9\u306b\u30b3\u30df\u30c3\u30c8\u3057\u7d9a\u3051\u308b\u305f\u3081\u306b\u5fc5\u8981\u306a\u660e\u78ba\u3055\u3068\u81ea\u4fe1\u3092\u63d0\u4f9b\u3057\u307e\u3059\u3002\u306e\u3088\u3046\u306a\u5b89\u5168\u306a\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3068\u7d44\u307f\u5408\u308f\u305b\u308b\u3053\u3068\u3067\u3001LP\u306f\u3042\u306a\u305f\u306e\u30d5\u30a1\u30f3\u30c9\u306b\u30b3\u30df\u30c3\u30c8\u3057\u7d9a\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u3044\u3046\u78ba\u4fe1\u3092\u5f97\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002 <a href=\"https:\/\/digify.com?utm_source=blog&amp;utm_medium=article&amp;utm_campaign=homepage\" data-wplink-url-error=\"true\" target=\"_blank\" rel=\"noopener\">\u30c7\u30b8\u30d5\u30a1\u30a4<\/a>, \u307e\u305f\u3001\u30c7\u30fc\u30bf\u7ba1\u7406\u3092\u5408\u7406\u5316\u3057\u3001\u30d0\u30fc\u30b8\u30e7\u30f3\u7ba1\u7406\u3092\u7dad\u6301\u3057\u3001\u900f\u660e\u6027\u304c\u9ad8\u304f\u3001\u30bf\u30a4\u30e0\u30ea\u30fc\u3067\u3001\u30b3\u30f3\u30c6\u30ad\u30b9\u30c8\u306b\u5bcc\u3093\u3060\u30ec\u30dd\u30fc\u30c8\u3092\u901a\u3058\u3066\u7d99\u7d9a\u7684\u306a\u4fe1\u983c\u3092\u7bc9\u304f\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002.<\/p><p>\u30d5\u30a1\u30f3\u30c9\u306e\u30e9\u30a4\u30d5\u30b5\u30a4\u30af\u30eb\u306e\u5404\u6bb5\u968e\u306b\u304a\u3044\u3066\u3001\u3053\u308c\u3089\u306e\u30d9\u30b9\u30c8\u30d7\u30e9\u30af\u30c6\u30a3\u30b9\u3092\u6d3b\u7528\u3059\u308b\u3053\u3068\u3067\u3001\u5c02\u9580\u5bb6\u3068\u3057\u3066\u306e\u53b3\u683c\u3055\u3092\u8a3c\u660e\u3057\u3001\u4fe1\u983c\u6027\u3092\u9ad8\u3081\u3001\u6295\u8cc7\u5bb6\u304b\u3089\u4fe1\u983c\u3055\u308c\u308b\u30d1\u30fc\u30c8\u30ca\u30fc\u3068\u3057\u3066\u306e\u5730\u4f4d\u3092\u78ba\u4fdd\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002.<\/p><p>\u3068 <a href=\"https:\/\/digify.com\/m\/trial?utm_source=blog&amp;utm_medium=article&amp;utm_campaign=trial-signup\" target=\"_blank\" rel=\"noopener\">Digify\u306e\u7121\u6599\u30c8\u30e9\u30a4\u30a2\u30eb<\/a>, \u3053\u308c\u3089\u306e\u6a5f\u80fd\u3092\u304a\u8a66\u3057\u3044\u305f\u3060\u304d\u3001\u7c21\u7d20\u5316\u3055\u308c\u305f\u5b89\u5168\u306a\u30ec\u30dd\u30fc\u30c6\u30a3\u30f3\u30b0\u304c\u3044\u304b\u306b\u8cb4\u793e\u306eIR\u6226\u7565\u3092\u5411\u4e0a\u3055\u305b\u308b\u304b\u3092\u76f4\u63a5\u3054\u78ba\u8a8d\u304f\u3060\u3055\u3044\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-67962df elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"67962df\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2558dc3\" data-id=\"2558dc3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a43ae7 elementor-widget elementor-widget-image\" data-id=\"6a43ae7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/digify.com\/m\/trial?utm_source=blog&#038;utm_medium=article&#038;utm_campaign=footer-trial\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"640\" height=\"160\" src=\"https:\/\/staging-x.digifyteam.com\/wp-content\/uploads\/2021\/08\/1-1024x256.png\" class=\"attachment-large size-large wp-image-24508\" alt=\"\u7121\u6599\u30c8\u30e9\u30a4\u30a2\u30eb\u958b\u59cb\" srcset=\"https:\/\/staging-x.digifyteam.com\/wp-content\/uploads\/2021\/08\/1-1024x256.png 1024w, https:\/\/staging-x.digifyteam.com\/wp-content\/uploads\/2021\/08\/1-300x75.png 300w, https:\/\/staging-x.digifyteam.com\/wp-content\/uploads\/2021\/08\/1-768x192.png 768w, https:\/\/staging-x.digifyteam.com\/wp-content\/uploads\/2021\/08\/1-18x5.png 18w, https:\/\/staging-x.digifyteam.com\/wp-content\/uploads\/2021\/08\/1.png 1200w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>\u30d9\u30f3\u30c1\u30e3\u30fc\u30ad\u30e3\u30d4\u30bf\u30eb\u306b\u304a\u3044\u3066\u3001\u6b63\u78ba\u306a\u30d5\u30a1\u30f3\u30c9\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u5831\u544a\u306f\u3001\u5341\u5206\u306a\u60c5\u5831\u306b\u57fa\u3065\u3044\u305f\u6295\u8cc7\u5224\u65ad\u3001\u898f\u5236\u9075\u5b88\u3001\u6295\u8cc7\u5bb6\u3068\u306e\u4fe1\u983c\u69cb\u7bc9\u306e\u305f\u3081\u306b\u6975\u3081\u3066\u91cd\u8981\u3067\u3042\u308b\u3002.<\/p>","protected":false},"author":5,"featured_media":25176,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[33],"class_list":["post-24947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/staging-x.digifyteam.com\/ja\/wp-json\/wp\/v2\/posts\/24947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging-x.digifyteam.com\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging-x.digifyteam.com\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging-x.digifyteam.com\/ja\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/staging-x.digifyteam.com\/ja\/wp-json\/wp\/v2\/comments?post=24947"}],"version-history":[{"count":4,"href":"https:\/\/staging-x.digifyteam.com\/ja\/wp-json\/wp\/v2\/posts\/24947\/revisions"}],"predecessor-version":[{"id":38771,"href":"https:\/\/staging-x.digifyteam.com\/ja\/wp-json\/wp\/v2\/posts\/24947\/revisions\/38771"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging-x.digifyteam.com\/ja\/wp-json\/wp\/v2\/media\/25176"}],"wp:attachment":[{"href":"https:\/\/staging-x.digifyteam.com\/ja\/wp-json\/wp\/v2\/media?parent=24947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging-x.digifyteam.com\/ja\/wp-json\/wp\/v2\/categories?post=24947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging-x.digifyteam.com\/ja\/wp-json\/wp\/v2\/tags?post=24947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}