TOKYO — Mitsubishi UFJ Trust and Banking is launching three funds in fiscal 2024 to lend money raised from investors to companies and others.
Mitsubishi UFJ Financial Group's bank due diligence process will be used to make decisions on infrastructure financing for mergers and acquisitions deals and lending. Money will be required from insurance companies and pension funds. The bank's loan fund balance of more than 140 billion yen ($938 million) will more than double by the end of fiscal 2023.