New fairness fund will make progress fairness investments in tech and tech-enabled mid to late-stage know-how firms.
SINGAPORE, September 29, 2023–(BUSINESS WIRE)–Mars Development Capital at the moment introduced the preliminary closing of its first fairness fund, Dragon Fund I, with an preliminary LP dedication by Mitsubishi UFJ Monetary Group, Inc. (“MUFG”) of as much as US$500mm. The fund is focusing on last shut subsequent 12 months.
Dragon Fund I which marks MARS Development Capital’s entry into fairness investing, will make progress fairness investments in personal, mid to late-stage tech and tech-enabled firms. Initially specializing in the Asia-Pacific area, deal sizes will vary from US$20mm to US$100mm with flexibility to make main and secondary investments.
Based in 2021, MARS Development Capital is a three way partnership between Mitsubishi UFJ Monetary Group, Inc. (“MUFG”) and Liquidity Group, combining the monetary would possibly of MUFG with the decision-science ML platform of Liquidity to take a position capital at scale. For the previous 2 years, MARS Development Capital by two enterprise debt funds, has been offering non-dilutive enterprise debt to tech and tech-enabled firms within the Asia-Pacific and EMEA areas and has constructed a portfolio of 30+ firms, with an AUM of US$750mm. MUFG as a sole LP supplier of the funds determined to extend the LP commitments to these two enterprise debt funds by US$250mm to US$1.0Bn to repeatedly help promising startups each in Asia-Pacific and Europe. Along with the brand new Dragon Fund I, the mixture AUM reaches to U$1.5Bn to be invested by each debt and fairness.
“With the preliminary shut of Dragon Fund I and upsize of the debt funds, MARS Development Capital is constructing upon our dedication to offering unprecedented monetary flexibility and certainty for firms with excessive progress potential,” stated Fumitaka Nakahama, Group Head of World Company and Funding Banking at MUFG. “We sit up for offering enhanced help, tailor-made monetary options, and continued direct entry to our world community of sources to be a long-term progress companion for the businesses we companion with.”
“The brand new Dragon Fund is one other important step in our partnership with MUFG by MARS Development Capital and embodies our imaginative and prescient to supply holistic monetary progress options to mid-market and pre-IPO know-how firms throughout the globe,” stated Ron Daniel, Co-Founder and Chief Govt Officer of Liquidity Group. “Our means to increase our non-dilutive monetary options by fairness financing is a direct results of Liquidity Group’s know-how’s means to shortly analyze and ship tailor-made monetary options to profitable know-how firms throughout each their fast and future capital wants.”
“With flexibility to make main and secondary investments, Dragon Fund will look to put money into firms with distinctive administration groups, sturdy execution monitor report and excessive progress potential,” stated Ridhi Chaudhary, Managing Director and a GP Companion of Dragon Fund I. “With the facility of Liquidity Group’s ML platform, the funding groups will be capable to consider funding alternatives comprehensively and at a quicker tempo whereas investing in essentially the most enticing ones to generate superior returns for the LPs. The know-how may even permit for automated and actual time monitoring of the portfolio investments.”
About MARS Development Capital
Based in 2021 and with $1.5B AUM, MARS Development Capital is a three way partnership between MUFG and Liquidity Group. Utilizing machine studying and choice science know-how, MARS Development Capital deploys each non-dilutive, in addition to fairness financing options within the vary of $3-100M in as little as 48 hours, to mid-market, late-stage, and pre-IPO know-how firms in APAC, Japan, and Europe. For extra info, go to www.marsgrowth.com.
About Liquidity Group
Liquidity Group is the most important AI-based monetary asset administration agency on the earth. With $2.7b AUM throughout funds targeted on North America, Asia-Pacific, Europe, and the Center East, Liquidity Group operates globally with places of work in Tel-Aviv, Abu Dhabi, New York, London, Singapore, Tokyo, Mumbai, Boston & San Francisco. The agency’s patented machine studying and choice science know-how permits it to deploy extra capital by extra offers quicker than any agency in capital markets historical past, establishing it because the fastest-growing supplier of non-dilutive and fairness financing to mid-market and late-stage firms. Liquidity Group is backed by main world monetary establishments together with Japan’s largest financial institution, MUFG, Spark Capital and Apollo Asset Administration. For extra info, go to www.liquiditygroup.com
Mitsubishi UFJ Monetary Group, Inc. (MUFG) is among the world’s main monetary teams. Headquartered in Tokyo and with over 360 years of historical past, MUFG has a worldwide community with roughly 2,000 places in additional than 50 international locations. The Group has about 160,000 workers and provides providers together with industrial banking, belief banking, securities, bank cards, client finance, asset administration, and leasing.
The Group goals to “be the world’s most trusted monetary group” by shut collaboration amongst our working firms and flexibly reply to the entire monetary wants of our prospects, serving society, and fostering shared and sustainable progress for a greater world. MUFG’s shares commerce on the Tokyo, Nagoya, and New York inventory exchanges. For extra info, go to https://www.mufg.jp/english.
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CMO at Liquidity Group