Japanese lender MUFG to launch $300m fund to back late-stage startups

Japanese lender MUFG to launch $300m fund to back late-stage startups

FILE PHOTO - People walk past a branch of Mitsubishi UFJ Financial Group's bank of Tokyo-Mitsubishi UFJ (MUFG) in Tokyo, Japan, May 16, 2016. REUTERS/Thomas Peter/File Photo

Mitsubishi UFJ Financial Group Inc (MUFG) will launch a new $300 million fund to offer debt financing to late-stage tech startups in the Asia-Pacific region, its chief executive said, as Japan’s largest lender seeks to tap opportunities in growing economies.