MUFG Launches Debt Fund for Japanese Investors to Lend to Overseas Startupsby Fintech News Hong Kong October 30, 2023
MUFG’s subsidiaries have established a debt fund framework for Japanese institutional investors to provide loans to overseas startups. The two subsidiaries are MUFG Bank and Mitsubishi UFJ Trust and Banking Corporation (MUTB).
Japanese institutional investors will be able to participate in the fund, which will be insured by Nippon Export and Investment Insurance (NEXI). Other participants in the fund include Daido Life Insurance Company, Joyo Bank, and The Hachijuni Bank.
The new fund framework is the first of its kind for Mars Growth Capital, which has previously only provided loans to startups with MUFG Bank as its sole investor.
MUFG plans to further expand the scale of the fund by inviting third-party investors to participate. The goal is to contribute to new innovations and the development of new industries in Japan and overseas.