Mitsubishi Corporation has launched the Marunouchi Climate Tech Growth Fund, a new initiative aimed at investing in companies focused on climate tech and decarbonization. The fund is managed by Marunouchi Innovation Partners (MIP), a company jointly established by Mitsubishi, MUFG Bank (MUBK), and Pavilion Private Equity (PPE). With an initial closing of $400 million in capital commitments from investors, MIP plans to increase the fund’s size to between $800 million and $1 billion through additional rounds of funding.
The launch of the fund aligns with Mitsubishi’s “Roadmap to a Carbon Neutral Society” unveiled in October 2021, which outlined the company’s commitment to achieving net-zero greenhouse gas emissions by 2050. Additionally, it supports MC’s latest management plan, “Midterm Corporate Strategy 2024 – Creating MC Shared Value,” focused on promoting energy and digital transformations for a brighter future.
The fund’s primary objective is to spur growth in companies developing innovative climate tech solutions, ultimately supporting the realization of a carbon-neutral society. With increasing demand for climate tech investments in the medium to long term, the fund aims to help commercialize, scale up, and rollout cutting-edge technologies.
As the main sponsor, Mitsubishi will offer its industry expertise, business network, and collective capabilities to connect all strategic investors in the Fund. The company and MIP are optimistic about the fund’s potential to secure blue-chip investment opportunities and support the growth of its portfolio companies, thereby contributing to decarbonization and a sustainable future.