Japan's MUFG to consolidate Ganesha Fund with Dragon Funds, to raise new vehicle

▤ Summary

MUFG is consolidating its India-focused Ganesha Fund into its global Dragon Funds platform under a unified management structure. The company also plans to launch a second Dragon Funds vehicle with a $600 million target corpus. The new fund will raise capital from Japanese and international limited partners and invest in growth-stage companies in high-growth markets, including India. The move deepens MUFG’s exposure to startup and technology ecosystems, including SaaS and fintech businesses. It also signals continued investor activity in mid- and late-stage technology financing across Asia and Europe.

▦ Linked Companies