NYK has signed an agreement to invest in the Marunouchi Climate Tech Growth Fund, a new investment fund that will finance and grow climate tech startups contributing to decarbonization.
Financing will occur through Marunouchi Innovation Partners Co. Ltd., which is owned by Mitsubishi Corporation, MUFG Bank, Ltd., and Pavilion Private Equity Co. Ltd.
NYK has established a long-term target of net-zero emissions of greenhouse gas by 2050 for the NYK Group’s oceangoing businesses. Further, in its new medium-term management plan “Sail Green, Drive Transformations 2026 — A Passion for Planetary Wellbeing,” NYK sets forth its intention to carry out active up-front investment towards GHG reduction.
Through its participation in the Fund, NYK will seek to implement co-creation with startups introducing epoch-making ideas and technologies, and will aim to achieve decarbonization of its business and the creation of new business to add value to society.
MIP
| Name |
Marunouchi Innovation Partners Co., Ltd. |
| Representative |
Representative Director/CEO Ichiro Miyoshi |
| Fund Managed |
Marunouchi Climate Tech Growth Fund L.P. |
| Capital |
JPY 150 million |
| Shareholders |
Mitsubishi Corporation: 90.1%
Pavilion Private Equity Co., Ltd. 5.0%
MUFG Bank, Ltd. 4.9% |
| Business Details |
Management of limited partnership |
the Fund
| Name |
Marunouchi Climate Tech Growth Fund L.P. |
| Date Launched |
April, 2023 |
| Total Capital Commitment* |
1st Closing: 400 million USD
Target: 800~1,000 million USD |
| General Partner (GP) |
Marunouchi Innovation Partners Co., Ltd. |