MUFG Consolidates Ganesha Fund with Dragon, Eyes $600 Million Second Fund

Deal Summary

Mitsubishi UFJ Financial Group announced it will merge the operations of its Ganesha Fund with its Dragon Funds platform, consolidating management of the fund’s corpus. The integration will support the launch of a second Dragon Fund targeting $600 million to invest in growth‑stage technology companies globally, with a focus on India. Deal value was not disclosed.