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    Ashurst advised on the establishment of Mars Equity Dragon Fund investing into the tech sector in APAC

    09 October 2023

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    Global law firm Ashurst acted as lead counsel in advising and assisting MARS Growth Capital, a joint venture between Mitsubishi UFJ Financial Group (MUFG) and Liquidity Group, in the establishment of Mars Equity Dragon Fund. This new fund will make growth equity investments into private, tech and tech-enabled companies. With an initial commitment of up to US$500 million, the fund will initially focus on the Asia-Pacific region, targeting private, tech and tech-enabled companies. Deal sizes will range between US$20 million to US$100 million and the fund will have the flexibility to make primary and secondary investments.

    The transaction was led by partner Danny Tan, supported by Ashurst ADTLaw associate director Hanyin Huang.


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    Ashurst LLP is licensed to operate as a foreign law practice in Singapore. Where advice on Singapore law is required, Ashurst LLP will refer the matter to and work with ADTLaw LLC or other licensed Singapore law practices where necessary.

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    This material is current as at 9 October 2023 but does not take into account any developments to the law after that date. It is not intended to be a comprehensive review of all developments in the law and in practice, or to cover all aspects of those referred to, and does not constitute legal advice. The information provided is general in nature, and does not take into account and is not intended to apply to any specific issues or circumstances. Readers should take independent legal advice. No part of this publication may be reproduced by any process without prior written permission from Ashurst. While we use reasonable skill and care in the preparation of this material, we accept no liability for use of and reliance upon it by any person.

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