MUFG Bank established the Marunouchi Climate Tech Growth Fund with Mitsubishi Corporation and Pavilion Private Equity. The fund has Marunouchi Innovation Partners as its general partner, and will invest mainly in climate-tech-related startups.
Through growth investments in climate-tech-related startups, the fund will aim to commercialize and spread advanced technologies owned by investees while increasing corporate value and contributing to solving issues related to global climate change. The fund has an initial commitment amount of $400 million with a target of $800 million to $1 billion.
