Eruditus, the global leader in accessible, high-quality executive education to individuals, has secured up to $150 million in refinancing led by Mars Growth Capital, Liquidity’s joint venture with Japan’s largest bank MUFG Bank, Ltd., alongside HSBC. The transaction will fuel Eruditus’s mission to deliver world-class executive education to millions of learners globally.

MARS Growth Capital will provide up to $100 million USD, supplemented by up to $50 million USD from HSBC. The refinancing empowers Eruditus to scale its operations across markets, reinforcing its mission to change the lives of learners globally through innovative executive education.

Eruditus collaborates with over 80 prestigious universities, including MIT, Harvard, Wharton, Oxford and Cambridge, to deliver more than 700 programs to over 1 million learners in 80+ countries. This vast reach positions Eruditus as a catalyst for professional development on a global scale.

“The refinancing reinforces our long-term growth strategy, giving us the financial flexibility to accelerate profitable expansion across international markets,” said Ashwin Damera, CEO and Co-Founder at Emeritus and Eruditus. “We view MARS and Liquidity as long-term strategic partners, not just capital providers. Built on a foundation of trust and a shared vision, our relationship is focused on scaling together and driving sustainable, profitable growth.”

“Liquidity’s decision-science rating offers objective, data-driven validation of what we’ve long believed, that our strategy for global, profitable growth is not only sound but built for long-term sustainability,” added Chaitanya Kalipatnapu, Co-Founder and Executive Director at Emeritus. “MARS’ emphasis on efficiency and financial resilience closely aligns with our own performance metrics and long-term objectives.”

Speaking on the transaction, Ron Daniel, CEO & Board Member of Liquidity and MARS Growth Capital says, “The backing of up to $150 million comes on the heels of our strong momentum in APAC, serving as another example of our ability to bring flexible, scalable value across the region. By leveraging Liquidity’s technology and global financial strength, we are empowering Eruditus to accelerate their international trajectory and broaden their impact on lifelong learning for professionals worldwide. This partnership exemplifies our strategy of forging long-term alliances with market leaders.” 

Navas Ebin Muhammed, Head of APAC at MARS Growth Capital, said “Our collaboration with Eruditus has grown into a trusted, value-driven partnership grounded in a shared vision for educational innovation.” 

“This transaction reflects our confidence in their exceptional team and business fundamentals. Since 2022, we’ve worked closely together, aligning on key milestones and adapting to a dynamic market environment. We look forward to supporting Eruditus’s transformative vision for executive education in the years to come.”