TOKYO : Mitsubishi UFJ Financial Group Inc (MUFG) said it would launch two new venture debt funds worth $400 million in total for Japanese and European startups, reflecting strong funding demand as the market for initial public offerings remains dull.The debt funds, with $250 million for Europe and 20 bil
TOKYO : Mitsubishi UFJ Financial Group Inc said it would launch two new venture debt funds worth $400 million in total for Japanese and European startups, reflecting strong funding demand as the market for initial public offerings remains dull.
With a rise in interest rates and market volatility hurting investment flows and demand for new stock listings globally, demand for venture debt has risen among startups. "We've seen very strong needs for debt financing in the market," Ryutaro Hiroshima, co-CEO of Mars, said at a briefing."We've decided to expand our business to meet such demand."
The new Europe fund will take over its capital from the existing funds, while the Japan fund will take in fresh money from MUFG and other investors.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan PM Kishida visits Seoul to forge closer ties amid North Korea threatsTOKYO/SEOUL – Japan's Prime Minister Fumio Kishida visits Seoul on Sunday (May 7) to meet South Korean President Yoon Suk-yeol, facing a sceptical public there as the leaders seek deeper ties amid nuclear threats from North Korea and China's increasing assertiveness. Kishida's bilateral visit, the first by a Japanese leader to Seoul in 12 years, returns the trip Yoon made...
Read more »
Aftershocks shake Japan after quake kills one, destroys homesOfficials are assessing the damage from the jolt that destroyed several buildings. Read more at straitstimes.com.
Read more »
Aftershocks shake Japan after quake kills one, destroys homesTOKYO: Aftershocks shook Japan a day after a powerful earthquake left at least one person dead, with officials assessing damage Saturday (May 6) from the jolt that destroyed several buildings.
Read more »
Japan PM Kishida visits Seoul to forge closer ties amid N.Korea threatsHis bilateral visit is the first by a Japanese leader to Seoul in 12 years. Read more at straitstimes.com.
Read more »
Japan PM Kishida visits Seoul to forge closer ties amid North Korea threatsTOKYO/SEOUL: Japan's Prime Minister Fumio Kishida arrived in Seoul on Sunday (May 7) to meet South Korean President Yoon Suk-yeol, facing a sceptical public there as the leaders seek deeper ti
Read more »
Japan PM Kishida visits Seoul to forge closer ties amid North Korea threats, China’s assertivenessHis bilateral visit is the first by a Japanese leader to Seoul in 12 years. Read more at straitstimes.com.
Read more »